Summary -
62, West Parade,LINCOLN,LN1 1JX
LN1 1JX
3 bed 1 bath Terraced
Turnkey student-income near university and city amenities.
HMO let until 26 July 2025 — tenancy continues on sale
Gross rental income £17,940 pa; approx. 10.25% gross yield
City centre position near university, shops and transport
Three lettable bedrooms across three storeys; compact room sizes
Communal living room, modern kitchen and shower room
Low-maintenance rear garden — small, limited outdoor space
EPC rating D — energy improvements could reduce bills
Sold freehold; council tax band A (very low)
Positioned in Lincoln’s city centre, this three-bedroom Victorian terrace is configured and licensed as a House in Multiple Occupation (HMO) and is let until 26 July 2025. The current tenancy produces £354 per week (including bills) — approximately £17,940 pa — giving a gross yield around 10.25% at the asking price. Its proximity to the university, shops and transport links secures strong tenant demand, particularly from students and young professionals.
The house retains period character externally — bay and dormer windows, brick frontage and a slate roof — while offering practical, modern interiors: a communal room, a well-equipped kitchen, and a fully tiled shower room. Bedrooms are compact but functional, spread over three storeys, and the property benefits from double glazing, gas radiators and an EPC rating of D. Externally there’s a low-maintenance rear garden with gravel and a patio.
Important considerations for buyers: the property is sold with sitting tenants under an HMO-style arrangement, so vacant possession will not be immediate. The layout and compact room sizes suit student or sharer occupation rather than family use. EPC D means some scope for energy upgrades to improve running costs and long-term attractiveness to tenants.
This is a straightforward, income-generating opportunity in a cosmopolitan student neighbourhood. It will suit an investor seeking immediate rental income and low-management external space; buyers wanting to occupy themselves or families seeking larger rooms should note the current configuration and tenancy status.
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