Summary - 9 HEREWARD STREET LINCOLN LN1 3EW
5 bed 1 bath House of Multiple Occupation
**Standout Features:**
- 5-bedroom House of Multiple Occupation (HMO)
- Gross Initial Yield: 9.12% with an annual rental income of £23,715
- Close proximity to Bishop Grosseteste University (13-minute walk) and University of Lincoln (25-minute walk)
- Amenities include a communal kitchen, dining room, and cinema room
- HMO Licensed Property (C4 use class)
- Freehold tenure
**Concise Property Summary:**
Discover a lucrative investment opportunity with this spacious 5-bedroom house of multiple occupation located at 9 Hereward Street, Lincoln. This mid-terrace property boasts a strong gross initial yield of 9.12% and a substantial rental income of £23,715 per annum, providing an excellent chance for investors.
Within walking distance of major universities and the city center, this HMO is suited for students or young professionals seeking vibrant urban living. The layout features a communal kitchen, a welcoming dining area, and an impressive cinema room for shared leisure time. With the current rental agreement in place until August 2024, you’ll enjoy immediate income upon completion.
The property is in good condition, although maintenance of the communal areas will be essential to retain its appeal. The investment potential here is significant, but it’s important to note that the property falls in a high crime area, which may impact rental desirability. This unique offering is an ideal choice for proactive investors looking to secure a steady income stream in a competitive market—don’t miss out!
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