Summary - 44 RICHMOND ROAD LINCOLN LN1 1LQ
5 bed 2 bath Terraced
High-yield five-bed HMO near Lincoln University — tenanted until July 2026..
Five-bedroom mid-terraced Victorian HMO generating ~£31,750pa (bills incl.)
A substantial five-bedroom mid-terraced Victorian house offered as a licensed Article 4 HMO, currently let to tenants until July 2026. The property produces approximately £31,750 gross income per year (bills included), representing a strong gross yield of around 10.95% at the asking price. Accommodation is arranged over three floors and includes a communal lounge, a long kitchen/diner, two shower rooms, a separate WC and a small enclosed rear garden.
This is a clear buy-to-let/investor opportunity for a purchaser seeking immediate income and long-term capital growth close to the university and city centre. The Energy Performance Rating is C and the property is freehold, which supports ongoing operational viability. Room sizes are generally generous, including a large second-floor bedroom with Velux windows that adds let-appeal.
Material considerations are straightforward and important: the house is sold with sitting tenants until July 2026, so vacant possession is not available until then. The Article 4 HMO status restricts change of use without consent and may limit future conversion options. The rear garden and some external areas show overgrowth and will need basic clearance and maintenance. Buyers should budget for regular HMO management and compliance costs (safety checks, licences and inspections).
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