Summary - 10 ELY STREET LINCOLN LN1 1LT
4 bed 1 bath Terraced
Turnkey, high-yield HMO near university and local amenities.
Four double bedrooms across three storeys, currently fully let
A ready-made four-bedroom HMO arranged over three floors in Lincoln’s popular West End, offered freehold and fully let. The property is presented in good decorative order with a modern fitted kitchen, contemporary communal living space and a low-maintenance rear courtyard — ideal for student or professional sharers.
Projected gross income is £24,960 per year, equating to an approximate 12.48% gross yield at the asking price. That clear income profile makes this a straightforward turnkey investment for a landlord targeting the city’s rental market and nearby university demand.
Practical details are strong: gas central heating, double glazing and a single bathroom with bath and separate shower. Be aware the building is a pre-1900 solid brick terrace with no known cavity insulation, an EPC rating of D and only one bathroom serving four bedrooms — factors to consider for future running costs, landlord obligations and tenant comfort.
The location sits within easy walking distance of Lincoln University, local shops and transport links, which supports year-round letting. Crime levels are above average for the area; buyers should factor management and security measures into operating costs. Tenure: Freehold. EPC: D.
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