Summary - 14 GOOD LANE LINCOLN LN1 3EH
2 bed 1 bath Terraced
Licensed HMO with proven rental income and immediate let potential.
Chain-free mid-terrace Victorian house with period character
A versatile mid-terrace Victorian house in Uphill Lincoln, offered chain-free and ready for immediate occupation or let. The property is licensed as an HMO (C2) and C3 residential, with proven rental income of approximately £16,000 per year (bills included), making it attractive to investors and landlords. Two double bedrooms, two reception rooms and a modern fitted kitchen create practical living space across two floors.
The house blends period character with recent upgrades: a full damp proof course was installed in 2016 (warranty to 2046), a recently serviced boiler with new CPU and a Hive wireless heating system are in place, and current gas and electrical certificates are valid. There is a private, low-maintenance rear garden with patio and a brick store for outside storage. On-street parking is available with no permit required.
Notable positives sit alongside clear considerations. The property is described as a fixer-upper in places and would benefit from some modernisation to maximise value. The plot is small and parking is on-street only. The wider area records higher crime levels, which may affect buyer perceptions or lettings for some tenant types. Overall, this is a practical, well-located opportunity for first-time buyers seeking a manageable starter home or investors looking for immediate rental yield and further upside through updating the interior.
Nearby amenities include shops, cafes and pubs, plus convenient access to Bishop Grosseteste University and the Bailgate. Good broadband and strong mobile signal support modern renting and short-stay use. Interested buyers should note some marketing photos have been virtually staged; original unstaged images are available for an accurate view.
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