5 bed terraced house for sale

Richmond Road, Lincoln LN1

Richmond Road, Lincoln

High-Yield 5 Bedroom Article 4 HMO Investment | Tenanted Until July 2027 | Approx. £31,750 Annual Income

Positioned within one of Lincoln’s most established student rental areas, this five-bedroom Article 4 HMO presents an excellent opportunity for investors looking for a property with an established income and tenants already in place. The property is currently let on a multi-room basis with tenancies secured until July 2027, generating an approximate gross annual income of £31,750 including bills, equating to a gross yield of approximately 12%. Arranged across three floors, the accommodation provides spacious communal areas alongside five well-proportioned bedrooms and two shower facilities, creating a practical layout for shared living. Externally the property benefits from a low-maintenance enclosed rear garden, while the location places the property within easy reach of Lincoln University, the city centre and the Brayford Waterfront. With its strong rental demand, excellent location and tenants already in situ, this property represents a ready-made investment opportunity in one of Lincoln’s most reliable rental locations.

What Kinetic Estate Agents Love About This Property

Louis Clayton – “The proximity to the University makes this a very attractive investment. Student HMOs in this area consistently perform well.”

Matt Wilson – “The property offers a great balance of communal space and bedrooms, which works really well for shared living.”

Charley Moreton – “A gross yield of 12% combined with tenants secured until 2027 makes this a very appealing turnkey investment.”

Step Inside

The property is accessed via the front entrance door leading into the entrance hallway, which provides access to the ground floor accommodation and staircase rising to the upper floors. The hallway also benefits from a useful under-stairs storage cupboard and radiator heating.

To the front of the property sits the communal lounge (3.87m x 3.72m), a comfortable shared living space featuring a bay window to the front aspect which allows plenty of natural light into the room. Moving towards the rear of the property is the spacious kitchen/dining room (7.06m x 3.03m). This room has been designed to accommodate multiple occupants and is fitted with a range of wall and base units with work surfaces over, incorporating an electric oven and hob with extractor above, stainless steel sink with mixer tap and tiled splashbacks. There is space for several appliances including washing machine, tumble dryer, multiple fridges and freezers, while two windows to the side ensure the room feels bright and open. A rear lobby provides direct access out to the garden.The ground floor also benefits from a shower room, fitted with shower cubicle, wash basin and radiator, along with a separate WC providing additional convenience for occupants. Completing the ground floor accommodation is Bedroom One (4.04m x 3.30m), positioned to the rear of the property.

The staircase rises to the first floor landing, which provides access to three further bedrooms, an additional shower room and stairs leading to the second floor. Bedroom Two (4.82m x 3.08m) is a spacious double bedroom located to the rear and benefiting from fitted wardrobe storage. Bedroom Three (4.00m x 3.22m) is another good-sized double room overlooking the rear garden. Bedroom Four (3.69m x 3.22m) sits to the front aspect and offers another comfortable double bedroom. There is also a study (2.00m x 1.90m) which offers flexible use as an additional workspace or storage room. The first floor shower room is fitted with a shower cubicle, wash basin and WC with tiled splashbacks and radiator heating.

The staircase continues to the second floor landing, which leads to Bedroom Five (5.13m x 4.80m max). This spacious top-floor bedroom benefits from two Velux roof windows which flood the room with natural light, creating a bright and comfortable bedroom space.

To the front of the property there is a paved forecourt garden set behind a low-level wall. To the rear is an enclosed low-maintenance garden, providing a practical outdoor space for tenants.

Life on Richmond Road

Richmond Road is ideally located for access to the University of Lincoln, making it one of the most desirable areas for student accommodation. The nearby Brayford Waterfront offers a vibrant selection of restaurants, cafés and leisure facilities, while Lincoln’s historic Cathedral Quarter and Bailgate area provide a unique blend of boutique shops, cultural attractions and historic landmarks. Excellent transport links and close proximity to the city centre ensure continued strong demand from students and young professionals.

Material Information
(Provided by the Seller)
Part A – Key Facts
Tenure: Freehold
Property Type: Mid Terrace HMO
Bedrooms: Five
Bathrooms: Two Shower Rooms
Council Tax Band: C – Lincoln City Council
EPC Rating: C

Part B – Utilities & Services
Electricity: Mains
Water: Mains
Drainage: Mains
Heating: Gas Central Heating
Glazing: Double Glazed

Part C – Other Relevant Factors
Investment Status: Tenanted Until July 2027
Annual Income: Approx. £31,750 (including bills)
Estimated Gross Yield: 12%

Disclaimer
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed. They do not constitute part of any contract and prospective purchasers must rely upon their own inspection and enquiries. None of the appliances or services mentioned have been tested by the agent.