Summary - 30 SIBTHORP STREET LINCOLN LN5 7SH
4 bed 1 bath Terraced
Turnkey student income close to campus with immediate rental returns.
Currently tenanted to students producing £1,720pcm (academic lets) and 10.86% yield
Four double bedrooms across three floors; ground-floor bay-front lettable room
Single three-piece bathroom for four bedrooms — limited shared facilities
Solid brick, built before 1900; assumed no wall insulation — energy upgrades advised
Double glazing fitted post-2002 and mains gas boiler with radiators
Small rear yard; compact outdoor space, minimal garden potential
Located close to Lincoln University and city centre — strong student demand
Area classed deprived with high local crime rates — consider long-term risks
This Victorian mid-terrace has been operated as a four-bedroom HMO for years and sits a short walk from Lincoln University and the city centre. The property is currently let to students with fixed lets in place from 1 August 2024 until 14 July 2025 and again for the 2025/26 academic year, producing a quoted 10.86% yield on the asking price.
Internally the house offers a ground-floor bay-fronted lettable room, lounge/diner with feature fireplace, a modern kitchen and a single three-piece bathroom serving four double bedrooms across three floors. The small rear yard provides practical outdoor storage rather than garden space.
Construction is solid brick (pre-1900) with double glazing added since 2002 and gas central heating to radiators. The property will suit landlords seeking a ready-made student let and investors targeting reliable rental demand close to campus, but it also requires attention to energy performance and modern comfort standards due to assumed solid walls with no insulation.
Location and utilities are practical: fast broadband, excellent mobile signal and very low council tax. Buyers should note the area scores high for crime and is classed as deprived, which may affect long-term capital growth and tenant mix. The house presents clear income potential now, with scope for energy upgrades and interior refresh to lift value further.
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