5 bed terraced house for sale

Avondale Street, Lincoln LN2

An ideal opportunity for investors looking to enter or expand in Lincoln’s thriving student rental market. This well-presented HMO is currently let for the 2024/25 academic year at £29,070 and is also already let for 2025/26, offering an impressive gross yield of approximately 11.62%. The property is located just off Monks Road, within easy walking distance of Lincoln County Hospital, Lincoln College, the City Centre and the University of Lincoln, making it highly appealing to a wide range of student and professional tenants. Internally, the accommodation is well arranged over three floors and includes an Entrance Hallway, fitted Kitchen, Communal Lounge, Ground Floor Shower Room and a downstairs lettable Bedroom.

Description An ideal opportunity for investors looking to enter or expand in Lincoln's thriving student rental market. This well-presented HMO is currently let for the 2024/25 academic year at £29,070 and is also already let for 2025/26, offering an impressive gross yield of approximately 11.62%. The property is located just off Monks Road, within easy walking distance of Lincoln County Hospital, Lincoln College, the City Centre and the University of Lincoln, making it highly appealing to a wide range of student and professional tenants. Internally, the accommodation is well arranged over three floors and includes an Entrance Hallway, fitted Kitchen, Communal Lounge, Ground Floor Shower Room and a downstairs lettable Bedroom. The First Floor offers a Landing leading to three further lettable Bedrooms and a shared Bathroom, with a fifth lettable Bedroom on the Second Floor, providing a total of five bedrooms. Externally, the property benefits from a low maintenance rear courtyard. All mains' services are connected, and the property is equipped with gas fired central heating. With a strong rental history, the future income already secured and a convenient location for students and professionals alike.

Location The historic Cathedral and University City of Lincoln has the usual High Street shops and department stores, plus banking and allied facilities, multiplex cinema, Marina and Art Gallery. The famous Steep Hill leads to the Uphill area of Lincoln and the Bailgate, with its quaint boutiques and bistros, the Castle, Cathedral and renowned Bishop Grosseteste University.

Hall

bedroom 1 11' 10" x 11' 10" (3.61m x 3.61m)

living room 11' 10" x 11' 10" (3.61m x 3.61m)

kitchen 15' 9" x 6' 7" (4.8m x 2.01m)

shower room 8' 9" x 6' 7" (2.67m x 2.01m)

first floor landing

bedroom 2 13' 1" x 7' 3" (3.99m x 2.21m)

bedroom 3 13' 1" x 8' 2" (3.99m x 2.49m)

bedroom 4 11' 10" x 15' 1" (3.61m x 4.6m)

bathroom 6' 6" x 4' 9" (1.98m x 1.45m)

bedroom 5 17' 5" x 12' 0" (5.31m x 3.66m)