Summary - 40, HOOD STREET, LINCOLN LN5 7XB
2 bed 2 bath Terraced
Immediate managed income with an agreed let and low-management overheads.
Fully refurbished and sold fully furnished
A turnkey, fully managed investment in central Lincoln, offered chain free and sold fully furnished. The mid-terrace Victorian property has been newly refurbished throughout to a contemporary standard and currently benefits from an agreed let running 1 August 2025 to 17 July 2026.
Income is immediate and predictable: the current management pack shows a gross achieving rental of £1,512.28 pcm including bills. Accommodation is two double bedrooms, each with an en-suite shower room, arranged over two floors in an 883 sq ft footprint — compact but designed for rental demand and low-maintenance letting.
Practical strengths include freehold tenure, fast broadband and excellent mobile signal, mains gas heating with boiler and radiators, low flood risk and very cheap council tax. Notable constraints are the property's location in a deprived, privately rented neighbourhood (higher turnover potential) and compact room sizes; glazing dates before 2002 and walls are original solid brick with no known insulation (thermal upgrade may be beneficial and could be required over time).
This asset suits a buy-to-let investor seeking immediate, managed income with minimal hands-on work. The property’s newly refurbished condition and furnished sale reduce downtime and set-up costs, while future value-add options include thermal improvements and cosmetic tweaks to sustain long-term rental competitiveness.
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