Key info
6Bedrooms
2Bathrooms
0 sqmSize
Property description
Strategy: HMO
Situated close to Lincoln city centre and the University, 7 Foster Street presents an excellent opportunity to acquire a fully licensed six-bedroom HMO in outstanding condition. Currently let to four tenants and generating £17,400 per annum, the property offers clear potential to reach full occupancy and achieve £30,000 or more in gross annual income, making it a highly attractive investment for landlords seeking strong returns.The accommodation is arranged over two floors and has been exceptionally well maintained, a rarity in properties of this type. It features six well-proportioned bedrooms, a bright and modern kitchen with breakfast bar, and a communal living room with bay window providing a comfortable social space. Two well-appointed shower rooms and an additional WC serve the household, while a practical utility room with laundry facilities adds convenience. Period charm is retained in the welcoming entrance hallway with its original tiled floor and decorative stained-glass window, enhancing the property’s appeal.Outside, there is an enclosed rear yard offering low-maintenance space for tenants to enjoy. With gas central heating, double glazing and full HMO compliance already in place, the property is ready to continue generating income immediately.Well located for both students and young professionals, this is a rare opportunity to purchase a compliant, high-yielding HMO in Lincoln’s consistently strong rental market. EPC rating: C. Tenure: Freehold,
Sourced reference: 166180016
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Sales Agent
Lovelle Estate Agency
Lincoln
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