Summary - 5 SEVERN STREET LINCOLN LN1 1SJ
4 bed 1 bath Terraced
Established four-bed HMO near Lincoln University — high gross yield, no chain.
Four-bedroom HMO near Lincoln University, strong student demand
A four-bedroom bay-fronted terraced house located a short walk from Lincoln University, presented as an established HMO. The property has been run as a shared let and offers an estimated gross annual rental return of £21,320 (over 10% gross yield at the current price). Offered with no onward chain, it is freehold and sits in a compact footprint with a low-maintenance rear courtyard.
Accommodation is traditional in layout with a living room, galley kitchen and a single shower room serving four bedrooms. The house retains period character externally and benefits from double glazing installed post-2002 and mains gas central heating via a boiler and radiators. Council Tax Band A and an EPC grade D are both positive for operating costs and lettability, particularly to the student market.
Buyers should note material limitations: there is only one shower room for four lettable rooms, the overall internal size is small (approx. 846 sq ft), and the mid‑terrace was built before 1900 with cavity walls assumed to lack insulation. Local crime levels are above average — relevant for yield and management considerations — and the EPC D means some energy improvements may be beneficial.
This house will suit investors targeting the university/student rental sector or landlords seeking a compact HMO close to campus. It requires routine management and possible targeted upgrades (insulation, energy efficiency, or additional amenities) to maximise long-term returns, but its location, freehold tenure and immediate income potential make it a straightforward addition to a lettings portfolio.
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