Summary - 121 - 123 NEWARK ROAD LINCOLN LN5 8NQ
9 bed 9 bath End of Terrace
**Standout Features:**
- Nine spacious bedrooms, each with en-suite bathrooms
- Fully renovated with modern amenities
- Currently achieving approx. £56,000 per annum in rental income, with potential for over £60,000
- Includes communal areas, laundry room, and a fully enclosed rear courtyard
- Freehold with planning permission to convert into five flats, some structural work initiated
- Energy Performance Certificate (EPC) Grade D; Council Tax Band B
Discover this remarkable nine-bedroom HMO property located in the heart of Lincoln, a perfect investment opportunity for those seeking consistent rental income. Each bedroom is designed for comfort with its own en-suite, ensuring tenants enjoy utmost privacy and convenience. Spanning over 3,300 sq ft, the property features three communal areas and a laundry room, enhancing functionality and appeal.
Recently renovated—this residence reflects modern living without sacrificing the elegance of its Georgian architectural roots. The fully enclosed courtyard offers a safe, low-maintenance outdoor space for relaxation or gatherings. Achieving a robust rental yield, it currently houses tenants on assured shorthold tenancies at competitive rates, creating a prime opportunity for any savvy investor.
Please note, while the property is currently in excellent condition for its purpose, it's vital to bear in mind its EPC rating of D as well as the structural work started for prior planning permission. With its strategic location among urban amenities, this property is waiting for you to explore its full potential—act quickly, as opportunities like this won't last long!
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