Summary - 13 ELY STREET LINCOLN LN1 1LT
4 bed 1 bath Terraced
Ready-made rental with strong projected yield near university and transport links.
Projected gross income £22,880 per year
This three-storey Victorian mid-terrace is offered as a turnkey 4-bedroom HMO in Lincoln’s popular West End, currently fully let and aimed at investors seeking immediate rental income. The property is projected to generate a gross annual income of £22,880, producing an approximate 11.45% gross yield at the asking price — a clear attraction for buy-to-let portfolios or those expanding an HMO holding.
Accommodation is well presented across three floors with a communal living room, modern fitted kitchen, conservatory/sun room, one ground-floor bedroom, two first-floor doubles and a large second-floor double, plus a contemporary bathroom. A low‑maintenance rear courtyard provides outdoor space without onerous upkeep, and mains gas central heating, double glazing and modern finishes reduce short-term capital expenditure.
Practical considerations: the property has an EPC rating of D and solid brick walls likely without cavity insulation, so energy-efficiency upgrades could be required to improve long-term running costs and compliance expectations. The wider area is a cosmopolitan mix of students and families; this location benefits from proximity to Lincoln University and transport links but does record above-average crime levels, which should be factored into management and insurance costs. Tenure is freehold and council tax is very cheap, enhancing net returns.
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