4 bed terraced house for sale

St. Rumbold Street, Lincoln LN2

Investment opportunity – 4-bed HMO with private garden, city centre location

Situated on the ever-popular St Rumbold’s Street in Lincoln, this well-presented four-bedroom House in Multiple Occupation (HMO) offers an excellent opportunity for both seasoned investors and buyers seeking a flexible property with strong potential. Available with tenants in situ or with vacant possession, it provides the ideal setup for those looking to continue a proven rental model or repurpose the home for alternative use.

Arranged over two floors, the accommodation includes a double bedroom, a spacious living room, and a fitted kitchen on the ground floor. Upstairs, there are two further double bedrooms, a single bedroom, and a shared bathroom. Outside, the property benefits from a private rear garden, a secure gated alleyway for access, and permit parking.

The HMO is currently let to three tenants across the double bedrooms, generating an annual income of £13,800. The single bedroom is presently vacant. At full market value, the property has the potential to achieve a gross annual income of £19,500.

With its central location, strong rental demand, and scope for increased returns, this property represents an attractive investment in one of Lincoln’s key rental areas.

EPC rating: D.

Ground Floor

Living Room (3.57m x 3.94m (11'9" x 12'11"))

Situated centrally on the ground floor, the living room provides a comfortable communal space for tenants. Finished with neutral tones and carpeted flooring, it offers room for seating, a TV area, and dining if required. A window to the rear brings in natural light and overlooks the garden.

Kitchen (1.99m x 3.45m (6'6" x 11'4"))

Located at the rear of the ground floor, the kitchen is fitted with a range of base and wall units, work surfaces, and splashback tiling. Appliances include an oven, hob, and space for a washing machine and fridge-freezer. A rear door leads directly out to the private garden.

Bedroom 1 (3.75m x 3.74m (12'4" x 12'3"))

A spacious double bedroom located at the front of the property, featuring a large window and the original front door, which is now disused. Neutrally decorated with carpeted flooring, this room offers ample space for a double bed, wardrobe, and desk, making it ideal for tenants.

First Floor

Bedroom 2 (2.55m x 3.7m (8'4" x 12'2"))

A bright and well-sized double bedroom positioned at the front of the first floor. It features carpeted flooring, a large window, and space for standard bedroom furniture. Ideal as a main or secondary tenant room.

Bedroom 3 (2.04m x 4.58m (6'8" x 15'0"))

Another generous double room located to the front of the property. Quietly positioned, it features carpeted flooring and a rear-facing window overlooking the garden. A great space for students or professionals.

Bedroom 4 (2.06m x 3.1m (6'9" x 10'2"))

A single bedroom located at the rear of the first floor. Compact but functional, this room suits use as a study or single occupancy bedroom. It includes a window to the rear and neutral décor.

Bathroom (1.44m x 3.15m (4'9" x 10'4"))

Landing (3.61m x 0.83m (11'10" x 2'9"))

The landing provides access to all three first-floor bedrooms and the bathroom. It is neutrally decorated and carpeted, with a loft hatch above for additional storage access.

Garden

A private and enclosed rear garden, offering a low-maintenance outdoor space ideal for tenant use. The area is mainly hardstanding and currently overgrown, providing scope for improvement or use as a practical courtyard-style garden.

Agent Notes