3 bed terraced house for sale

Drake Street, Lincoln LN1

Lovelle are delighted to bring to market this well-presented three-bedroom terraced property, currently operated as a student HMO and generating an excellent projected annual income of £21,060 for the forthcoming academic year.

The ground floor features a welcoming living room with stylish décor and wood-effect flooring, offering a comfortable communal space. The modern kitchen is fitted with a range of base and wall units, tiled splashbacks, and integrated appliances, providing both functionality and charm. Completing the ground floor is a generously sized bedroom.

Upstairs, the property offers two further double bedrooms, both light and spacious, along with a bright family bathroom fitted with a white three-piece suite and shower over bath.

Externally, the home benefits from a low-maintenance rear yard and on-street parking to the front.

Located in a popular residential area close to local amenities, transport links, and the university campus, this property represents an ideal turnkey investment opportunity for landlords seeking strong rental yields in a sought-after student area.

EPC rating: D.

Living Room (4.13m x 3.62m (13'7" x 11'11"))

A bright and comfortable communal space featuring neutral décor, wood-effect flooring, and access through to the kitchen.

Kitchen (1.94m x 2.93m (6'4" x 9'7"))

Fitted with modern base and wall units, tiled splashbacks, integrated oven and hob, and space for appliances including a washing machine. Window overlooking the rear yard.

Bedroom One (3.83m x 3.47m (12'7" x 11'5"))

A generous ground-floor double bedroom with bay window providing plenty of natural light.

Bedroom Two (4.15m x 3.71m (13'7" x 12'2"))

Large double bedroom situated to the front of the property, neutrally decorated.

Bedroom Three (3.34m x 2.52m (10'11" x 8'3"))

A comfortable double bedroom to the rear.

Bathroom (1.58m x 3.48m (5'2" x 11'5"))

Well-sized family bathroom fitted with a white three-piece suite comprising panelled bath with shower over, pedestal wash basin, and low-level WC.

Outside

Enclosed low-maintenance space, ideal for storage or outdoor seating to the rear. On-street permit parking available.