Summary - 13 ALBERT CRESCENT LINCOLN LN1 1LX
6 bed 1 bath House of Multiple Occupation
**Key Features:**
- 6-bedroom House of Multiple Occupation (HMO) with 4 en-suites
- Gross Initial Yield: 11.26%; Rental Income: £40,545 p.a.
- Recently renovated to a high standard (2021), modern kitchen/dining space
- Located a 15-minute walk from the University of Lincoln and city center
- HMO licensed, Freehold tenure
This impressive 6-bedroom HMO at 13 Albert Crescent is a prime investment opportunity in Lincoln, boasting a strong gross initial yield of 11.26%. Newly refurbished in 2021, the property features a spacious communal kitchen and living area, 4 en-suite bedrooms, and a stylish design that ensures comfort for residents. It’s strategically situated just a 15-minute stroll from the University of Lincoln, making it highly attractive for student tenants.
Currently let for a 51-week term at £40,545 per annum, this property offers an immediate return on investment with a rental income that is topped up by the vendor for a smooth handover. While the property boasts low crime rates and an affluent neighborhood ambiance, do note that broadband speeds may be slower than average. With its modern, appealing design and excellent rental potential, this HMO won't stay on the market for long—seize this opportunity to enhance your portfolio today!
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