9 bed town house for sale

West Parade, Lincoln LN1

Prime Investment Opportunity | 9-Bed Freehold HMO | Lincoln West End

National Residential are pleased to present this substantial 9-bedroom freehold period townhouse, configured as two self-contained flats and operated as a high-performing HMO in the ever-popular West End of Lincoln. This is a rare opportunity to secure a large, well-established income-producing property within walking distance of major amenities and the university.

Key Investment Highlights | At a Glance
* Freehold
* 9 lettable rooms across two flats (6-bed + 3-bed)
* Fully let to students
* Gross yearly rent: £56,495.76
* Gross monthly rent: £4,707.98
* Monthly expenses: £687.67 (utilities, broadband, council tax, insurance)
* Net monthly income after management: £3,550
* Based on £375,000 purchase price:
O Gross yield: 15%
o Net yield: 11%
* No ground rent or service charges

Property Overview | Flexible Multi-Unit Layout
This attractive period townhouse is arranged as:
Flat A | Ground Floor (3 Bedrooms)
* Spacious dining/kitchen area
* Three bedrooms
* Two separate shower rooms
* Laundry room with external access
* Ideal for student sharers, maximising rental appeal
Flat B | First & Second Floors (6 Bedrooms)
* Dining/kitchen area
* Shower room + separate WC on the 1st floor
* Three bedrooms on the 1st floor
* Three further bedrooms on the 2nd floor
* Additional shower room on the 2nd floor
The internal layout is designed to support high occupancy, excellent room functionality and appealing shared spaces.

Exterior Features | Added Value
* Large driveway providing off-road parking
* Rear garden offering outdoor space rarely available with high-density HMOs
* Low-maintenance setup suitable for hands-off investors

Location | Highly Sought-After West End Position
Situated in one of Lincoln's most desirable rental pockets, the property offers exceptional convenience:
* City Centre - walking distance
* Lincoln University - 0.8 miles
* Lincoln Medieval Bishops' Palace - 1.1 miles
* Transport links - excellent access to bus routes and main roads
* Supermarkets, shops & cafes - all nearby
The West End remains one of the strongest student rental markets in the region, consistently delivering high occupancy and sustained demand.

Why This Investment | Strong Demand & Exceptional Returns
* High rental demand from students due to proximity to the university
* Consistent full occupancy and proven long-term income
* Freehold tenure with no service charges or ground rent
* Multi-flat configuration offering flexibility for future adaptation
* Impressive 15% gross yield and 11% net yield at £375,000 purchase price
* Low maintenance and professionally managed

Summary
This impressive 9-bed HMO is a standout opportunity for investors seeking strong, reliable returns in a thriving student market. With excellent occupancy, high rental income, and a prime West End location, this is an investment that delivers from day one.

Properties in this location and of this scale rarely remain available for long.
Book your viewing today.

This property is only available for purchasers who are not in a chain.

1. Money laundering regulations - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.