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.

Council tax band: A, Tenure: Freehold, EPC rating: D Rooms Ground Floor - Living Room - 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 - 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 - 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 - 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 - 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 - 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 d�cor. Bathroom - Landing - 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 -