Summary -
20, Gresham Street,LINCOLN,LN1 1QA
LN1 1QA
4 bed 2 bath Terraced
Central four-bed with parking and strong rental yield potential.
Registered 4-bedroom HMO with existing part-let status
Located in Lincoln’s sought-after West End, this freehold four-bedroom terraced property is already registered as an HMO and currently part-let, making it a ready investment for buy-to-let portfolios. The property produces strong potential income (circa £21,120pa) and benefits from an improved EPC rating of C, reducing immediate refurbishment costs to meet likely future rental standards.
Accommodation is compact but efficiently arranged across two floors, with a generous communal living room, a fitted modern kitchen, and two bathrooms serving four furnished bedrooms. Unusually for the area, the property includes two off-street parking spaces — a notable letting advantage for students and young professionals who may occasionally need a car.
The building is a converted industrial/co‑operative structure with characterful external features and a small paved forecourt rather than a garden. Internal footprint is modest (approx 954 sq ft) and best suited to investors targeting student or professional lettings rather than owner-occupiers seeking extensive living space or outdoor amenity.
Buyers should note the surrounding area records very high crime levels and sits within a deprived local area classification; these factors can affect tenant mix and rental management. The property is small in plot and room size, and communal maintenance or future refurbishment should be factored into running costs despite the improved energy rating.
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