Summary -
138a, Newland Street West,LINCOLN,LN1 1QE
LN1 1QE
4 bed 2 bath Terraced
Fully let 4-bed HMO near Lincoln University — immediate income, EPC C.
Fully let 4-bedroom HMO generating £20,240 gross pa
Freehold tenure with immediate rental income for 2025/26
EPC C, gas central heating, double glazing
Two bathrooms and furnished bedrooms for student market
Two off-street parking spaces on small forecourt
Small plot and limited external/garden space
External weathering; likely needs redecoration and maintenance
Very high local crime rate and area deprivation
A fully let 4-bedroom HMO in Lincoln’s West End, currently producing a gross annual income of £20,240. The property is freehold and let to students for the 2025/26 academic year, delivering immediate rental income with no voids to manage. An EPC rating of C and gas central heating make the property compliant with current regulations and reasonably energy efficient for a rental unit.
Accommodation is arranged over two storeys with a communal living room, a practical fitted kitchen, two bathrooms and four furnished bedrooms. The internal layout suits student occupiers and short-term HMO lets; bedrooms include basic study and storage furniture. Two allocated off-street parking spaces are provided on a small forecourt to the side — a notable convenience in the area.
The building is a traditional brick terrace with a painted gable end. Externally the property is functional but shows weathering and would benefit from redecoration and routine maintenance to improve kerb appeal. The plot and any external amenity space are small, so outdoor space is limited.
Buyers should note the location is in a cosmopolitan, student-dominated neighbourhood with very high local crime statistics and wider area deprivation. That profile supports strong rental demand from students and young professionals but may deter other tenant types and affects resale perception. Overall this is a secure income-producing investment with clear potential for modest yield improvement through cosmetic refurbishment and communal upgrades.
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