**Standout Features:**
- Six-bedroom licensed HMO
- Fully furnished and currently let for the academic year
- Strong rental yield of 11.7%
- Ideal West Parade location near Lincoln University
- Private rear yard/garden and separate utility room
- On-street parking available
- Built in the early 20th century with charming Victorian features
**Potential Concerns:**
- Above-average crime rate in the area
- No insulation in walls, as assumed
Unlock the potential of this fully licensed six-bedroom HMO located in the sought-after West Parade, Lincoln. Perfectly positioned within walking distance to Lincoln University and the city center, this property serves as an attractive turnkey investment yielding 11.7% rental return, currently tenanted for the upcoming academic year. Inside, you’ll find a bright communal living area adjoining a modern kitchen, with two spacious ground-floor bedrooms and an additional four upstairs, all in well-maintained condition.
The exterior boasts a quaint private garden and a separate utility room, adding to the functionality of this home. While the area does have an above-average crime rate, the vibrant local amenities and student-friendly atmosphere offer great potential for steady income generation. Priced at £325,000, take advantage of this rare opportunity to secure a high-yield property in a prime locale before it’s gone!