Foster Street, Lincoln, LN5
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
2
- SIZE
1,399 sq ft
130 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
Situated close to Lincoln city centre and the University, 7 Foster Street presents an excellent opportunity to acquire a fully licensed six-bedroom HMO in outstanding condition. Currently let to four tenants and generating £17,400 per annum, the property offers clear potential to reach full occupancy and achieve £30,000 or more in gross annual income, making it a highly attractive investment for landlords seeking strong returns.
The accommodation is arranged over two floors and has been exceptionally well maintained, a rarity in properties of this type. It features six well-proportioned bedrooms, a bright and modern kitchen with breakfast bar, and a communal living room with bay window providing a comfortable social space. Two well-appointed shower rooms and an additional WC serve the household, while a practical utility room with laundry facilities adds convenience. Period charm is retained in the welcoming entrance hallway with its original tiled floor and decorative stained-glass window, enhancing the property’s appeal.
Outside, there is an enclosed rear yard offering low-maintenance space for tenants to enjoy. With gas central heating, double glazing and full HMO compliance already in place, the property is ready to continue generating income immediately.
Well located for both students and young professionals, this is a rare opportunity to purchase a compliant, high-yielding HMO in Lincoln’s consistently strong rental market.
EPC Rating: C
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference b77797b0-c76c-45d9-a3af-567f3e4c5c8d. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Lovelle Estate Agency, Lincoln. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.