Summary - 46 CECIL STREET LINCOLN LN1 3AU
4 bed 1 bath House of Multiple Occupation
**Standout Features:**
- Freehold 4-bedroom house of multiple occupation (HMO)
- Gross Initial Yield: 8.63%
- Current rental income: £22,440 p.a. (new AST from August 2024)
- Newly refurbished with communal kitchen and living room
- Short walk to University of Lincoln and Bishop Grosseteste University
- Excellent mobile signal; broadband speeds are slow
**Summary:**
Discover a fantastic investment opportunity at 46 Cecil Street, Lincoln. This attractive mid-terrace, 4-bedroom HMO is newly refurbished to a high standard, featuring a communal kitchen, a cozy living room, and two shared bathrooms, making it ideal for student or professional tenants. The property boasts a solid gross yield of 8.63% and provides an annual rental income of £22,440 starting August 2024, along with the assurance of rent topped up by the vendor upon completion.
Positioned just a 15-minute walk from both the University of Lincoln and Bishop Grosseteste University, as well as Lincoln's City Centre, this property is perfectly situated for attracting renters. While the high crime rate in the local area might be a consideration, the excellent mobile signal and nearby amenities—including cafes, shops, and more—enhance its appeal. With a freehold tenure, this property allows for potential future renovations or adaptations, perfect for maximizing your investment's value. Act quickly; opportunities like this won’t last long!
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