Summary -
15, Victoria Terrace,LINCOLN,LN1 1HZ
LN1 1HZ
6 bed 2 bath Terraced
Central HMO investment near Lincoln University with refurbishment upside.
- Six double bedrooms suitable for HMO letting
- Proven 2024–25 income £25,245 pa (vacant now)
- Potential extra £430 pcm from letting sixth room
- Currently vacant and undergoing renovation works
- Two shower rooms, communal living room, modern kitchen
- Small rear garden plus roof terrace with artificial grass
- Freehold, chain free; Council Tax Band A (very cheap)
- Small plot; limited scope for extension
A central six-bedroom Victorian mid-terrace close to Lincoln University, offered freehold and chain free. The property has a proven HMO income track record (£25,245 pa in 2024–25) with scope to increase earnings by letting the sixth room. Its compact plot includes a fenced rear garden and a roof terrace with artificial grass — useful outdoor space for tenants.
The house is currently vacant and undergoing renovation, so it presents clear refurbishment potential for an investor or landlord seeking a city-centre HMO. The accommodation is arranged over two storeys with two shower rooms, a communal living room and a modern kitchen; the layout suits shared student or professional letting.
Buyers should note the property needs finishing works and updating in places; some refurbishment costs should be expected before full rental re-letting. Council Tax band A and excellent broadband/mobile coverage are practical benefits for prospective tenants. No flood risk is recorded and the area has low crime, aiding lettability.
Overall, this is a compact, well-located income asset aimed at buyers prepared to complete renovations and manage an HMO. The proximity to the university and city-centre amenities supports steady demand, while the small plot and urban terrace setting limit expansion potential.
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