6 bedroom Terraced House

West Parade, Lincoln

£350,000

Alternatively you can call us on 01522 217126 or visit our Lincoln And North Hykehambranch

An excellent investment opportunity to acquire a fully let six-studio HMO situated in a highly convenient Lincoln location. The property offers established rental income and a range of self-contained and studio-style accommodation, making it an ideal addition to an investment portfolio.

FULL PROPERTY DESCRIPTION

Fully Let Six Studio HMO

An excellent opportunity to acquire a fully occupied six-studio House in Multiple Occupation (HMO), situated within one of Lincoln's most convenient rental locations and offering an immediate income-producing investment.

The accommodation is arranged over several floors and comprises six individual studio units, providing a variety of layouts to suit tenant demand. Several studios benefit from integrated kitchen facilities and private ensuite shower rooms, while others are served by separate kitchens or bathroom facilities, all arranged to maximise the property's rental potential.

The ground floor includes two self-contained studio apartments, each with fitted kitchen facilities and ensuite shower rooms. To the rear is a further studio with its own separate kitchen and private bathroom.

The upper floors continue the flexible accommodation, including additional studios with ensuite facilities, together with a communal kitchen serving one of the studio rooms, creating a practical and well-established HMO configuration.

The property is currently fully occupied, providing investors with an immediate income stream from day one. Whilst some cosmetic improvements may further enhance presentation over time, the accommodation is established and functioning successfully as a fully let investment.

West Parade remains one of Lincoln's strongest rental locations, being within easy walking distance of Lincoln city centre, the University of Lincoln, Lincoln Central railway station and the Brayford Waterfront. A wide range of supermarkets, cafés, restaurants and leisure facilities are all close by, while excellent road links via the A46 and A57 provide convenient access across the city and beyond.

With consistently strong demand for rental accommodation in this area from students, professionals and key workers, this represents an outstanding opportunity for both experienced landlords and investors seeking to expand their portfolio with an income-generating asset.

Property Reference: HRT017341815

PROPERTY FEATURES

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About Lincoln

Lincoln is a cathedral city and county town in Lincolnshire with a population of 94,000. Nearby North Hykeham has over 11,500 residents. There are close links to the A46 and A15 and it is a family-friendly area. Lincoln is an ancient cathedral city in the East Midlands. As well as offering plenty of historic charm, Lincoln offers great value rental properties.

Lincoln has a train station, from where it takes no more than 3 hours to get to Liverpool Street Station. Lincoln and Hykeham also have a multitude of schools. Over the last couple of decades, Lincoln has experienced a huge amount of regeneration, with the Engine Shed music venue and the performing arts centre.

Today, there are some exciting new residential developments taking shape at Brayford on Lincoln’s inland harbour, and at Burton Waters, north-west of the city.

Lincoln housing market trends

£256,978

Average price paid in Lincoln