Summary - 15 GOOD LANE LINCOLN LN1 3EH
4 bed 1 bath House of Multiple Occupation
**Highlights:**
- Freehold 4-bedroom House of Multiple Occupation (HMO)
- Gross Initial Yield of 6.31% with annual rental income of £13,260
- Newly refurbished with modern amenities
- Ideal location near universities and city center
- Convenient transport links, including nearby train station
- High crime rate in the local area – consider security measures
**Summary:**
Discover a promising investment opportunity in this fully licensed, 4-bedroom HMO located on Good Lane, Lincoln. Recently refurbished to a high standard, this mid-terrace property offers communal living with a modern kitchen, dining area, spacious living room, and a communal bathroom, perfectly suited for students or young professionals. Boasting a solid Gross Initial Yield of 6.31% and a steady rental income of £13,260 per year, this property is ideally situated within a 25-minute walk from the University of Lincoln and a mere 10 minutes from Bishop Grosseteste University—making it an attractive choice for investors looking to cater to the vibrant rental market in this student-centric area.
While the property's compact size of 700 sq ft may suit shared living arrangements, it is important to note that the locality is classified with high crime rates, which could impact tenant preferences and security concerns. However, with excellent mobile signal and easy access to essential amenities including cafes, shops, and public transport, this HMO provides both comfort and convenience. Act quickly to secure your future in this lucrative property, as opportunities like this in prime locations tend to sell fast!
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