Summary - 196 WEST PARADE LINCOLN LN1 1LY
4 bed 2 bath Terraced
Turnkey four-bed HMO close to University — strong yield with scope to add rooms (STPP)..
- Four double bedrooms arranged as a licensed HMO (income-producing)
- Current gross rent £23,736 pa (approx. 11.3% gross yield)
- Large 20' kitchen and 13' communal lounge
- Recently refurbished modern shower room
- Generous enclosed rear garden, low-maintenance gravel and patio
- Traditional solid-brick terrace; no known wall insulation (assumed)
- EPC E and running costs to consider; mains gas central heating
- On-street parking only; permit scheme applies
A ready-made four-bedroom HMO in Lincoln’s West End, offered with no onward chain and strong current rental performance. The property generates a gross income of £23,736 per year (approx. 11.3% gross yield) and sits within easy walking distance of the University of Lincoln, Brayford Waterfront and the city centre — a location with consistent tenant demand.
Internally the house is practical for sharers: a large 20' kitchen, 13' lounge, four double bedrooms and a recently refurbished modern shower room. The generous enclosed rear garden and uPVC double glazing add to tenant appeal and ease of maintenance. The property has been presented recently and is ready to continue as an income-producing HMO.
There are clear enhancement opportunities: the layout could be reconfigured or extended to create additional rooms (subject to planning and HMO licensing). Buyers should note the building is a traditional solid-brick Victorian terrace (c.1900–1929) with no known wall insulation, an EPC rated E, and on-street parking subject to a permit scheme. These factors affect running costs and potential renovation scope.
This will suit investors seeking a turn-key HMO in a supply-constrained student area, or an owner-occupier willing to keep it as a lettable house-share. Practical pre-purchase checks (appliance/service testing, HMO licence requirements and any insulation/planning costs) are recommended to fully assess upside and ongoing expenses.
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