Summary - 11 HEREWARD STREET LINCOLN LN1 3EW
6 bed 1 bath House of Multiple Occupation
**Standout Features:**
- **Gross Initial Yield:** 10.46%
- **Rental Income:** £30,345 p.a.
- **HMO Licensed Property** (C4 use class)
- **Walkable to local universities:** 25 min to University of Lincoln and 13 min to Bishop Grosseteste
- **Multiple communal spaces**: Includes a modern kitchen/dining area and living room
- **Tenancy in place**: 51-week AST running from August 2024
- **Freehold status**
**Property Overview:**
Embrace a lucrative investment opportunity with this well-structured, freehold six-bedroom House of Multiple Occupation (HMO) situated on Hereward Street in Lincoln. The property showcases an impressive gross initial yield of 10.46%, generating a solid annual rental income of £30,345. Its prime location, just a short walk from the University of Lincoln and the City Centre, makes it highly sought after among students and young professionals.
The interior features a communal kitchen/dining area, a cozy living room, and three bathrooms, appealing to a shared living arrangement. While the property is in decent condition, potential buyers may consider minor updates to maximize rental appeal and further enhance property value. Outdoor space is limited to a compact backyard, typical for terraced homes, ensuring low maintenance.
With schools nearby, including highly rated primary and secondary institutions, this property is ideally positioned for both investors and families looking for long-term rental potential. Given its robust rental figures and impressive yield, this opportunity won’t last long—secure your future today!
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