Summary - St. Rumbold Street, Lincoln, LN2 LN2 5AP
4 bed 1 bath Terraced
Compact 4-bed HMO with garden; current income and clear uplift potential..
Four-bedroom HMO with private rear garden
A compact four-bedroom mid-terrace arranged as an HMO in Lincoln city centre, offered freehold with a private rear garden. The property currently comprises three double bedrooms let and one vacant single bedroom; the existing lets generate £13,800 pa with estimated full market potential of about £19,500 pa. Accommodation is traditional Victorian mid-terrace stock with a communal lounge, kitchen and one first-floor bathroom.
This is a straightforward cashflow opportunity for investors targeting strong rental demand near the city centre and local colleges. Key positives include central location, HMO layout already in place, permit on-street parking and a secure gated alleyway to the rear garden. The property is small (approx. 734 sq ft) which keeps maintenance manageable and council tax is very low.
Buyers should note material drawbacks: the area records very high crime and is classed as very deprived, rooms are generally small, there is only one shared bathroom, and the building likely lacks cavity-wall insulation (solid brick). EPC rating D and the period construction indicate scope for energy and comfort improvements—sensible refurbishment could raise rents but will require capital and careful tenant management.
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