5 bed terraced house for sale

Vernon Street, Lincoln, Lincolnshire LN5

An excellent investment opportunity, this five-bedroom end-terrace property offers immediate rental income and strong yield potential.

Currently tenanted until June 2026 at £1,125 per calendar month, the property provides a solid gross yield of around 11.25%, making it ideal for landlords or investors seeking dependable returns.

The accommodation is well laid out and presented throughout. On the ground floor, there is a welcoming entrance leading to a spacious communal living area and a fitted kitchen equipped with ample storage and appliances. The layout provides a comfortable shared living environment for tenants. Moving through the property, there are five good-sized bedrooms, each designed to maximise light and space, along with two bathrooms offering practicality for multiple occupants.

The property has a previous HMO licence history, offering scope for redevelopment/reapplication for multi-let use (subject to local authority approval).

Situated in a convenient residential area close to Lincoln city centre, the University of Lincoln, and local amenities, the property enjoys consistent rental demand from students and young professionals alike.

A ready-made, income-generating investment in a high-demand area - an ideal addition to any property portfolio.

Viewing is highly recommended.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Kitchen (3.72m x 1.9m)

Lounge (3.75m x 3.19m)

Bathroom (1.94m x 1.7m)

Bedroom 1 (3.75m x 3.28m)

Bedroom 2 (3.72m x 3.18m)

Bedroom 3 (3.2m x 2.66m)

Bedroom 4 (3.32m x 2.42m)

Bedroom 5 (2.35m x 2.29m)