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HMO

Terraced in LN1 East Midlands - House

£ 290,000

Added: 03/09/2025

Key info

6Bedrooms

3Bathrooms

0 sqmSize

Property description

Strategy: HMO

SUBSTANTIAL SIX-BEDROOM HMO IN PRIME WEST PARADE LOCATION — STRONG RENTAL RETURN
Kinetic Estate Agents are delighted to bring to market this well-maintained six-bedroom house of multiple occupancy (HMO), perfectly positioned on West Parade — right in the heart of Lincoln’s ever-popular West End student area. Just a short walk from the University of Lincoln, the vibrant Brayford Waterfront, and city centre amenities, this is an excellent opportunity for investors looking for a reliable, income-producing property in a consistently high-demand location. The property is currently fully let, achieving £36,423 per annum, which represents an attractive gross yield of approximately 12.5%. Its size and layout, spread over three floors, offer excellent tenant appeal and practical, spacious accommodation.
What Kinetic Estate Agents Loves About This Property“Six good-sized bedrooms plus spacious communal areas — it really ticks all the boxes for tenants.” – Jo Foster
“The current income and yield are very strong for this part of Lincoln.” – Matt Wilson
“That bay-fronted lounge gives a fantastic shared living space, helping to maintain high occupancy rates.” – Nina Sharpe
“There’s excellent scope to retain or enhance value with minimal effort — this is a smart turnkey investment.” – Rob Webb
“Location is everything here — West Parade is right in the heart of the action but still offers a welcoming, residential feel.” – Louis Clayton
What’s Included?Step inside via the Entrance Lobby, a welcoming space with charming mosaic tiled flooring, leading through to the central Entrance Hallway, which benefits from a radiator, understairs storage, and stairs rising to the upper floors.
At the front of the property, the Communal Lounge (4.42m x 3.76m / 14′6″ into bay x 12′4″) provides a generous and inviting shared living area, complete with large bay window flooding the space with light, an ornamental fireplace, ornate coving, and radiator — a perfect social hub for tenants.
To the rear, the Kitchen (6.09m x 2.03m / 20′0″ x 6′8″) is well-equipped with a range of matching wall and base units, two stainless steel sinks, plentiful workspace, space for multiple appliances, wood-effect flooring, and direct access to the rear garden.
Also on the ground floor are two convenient shower rooms serving the household:
Shower Room 1: Fitted with shower cubicle (electric appliance), wash basin with tiled splashbacks, WC, radiator, and wood-effect flooring.
Shower Room 2: A second tiled shower cubicle with electric shower appliance.
The ground floor also hosts Bedroom 6 (4.04m x 2.77m / 13′3″ max x 9′1″ max) — a bright double room with laminate flooring, radiator, and pedestal wash basin.
Ascending to the first floor, the Landing provides access to four further bedrooms and a large family bathroom:
Bedroom 5 (4.01m x 2.99m / 13′2″ max x 9′10″ max): Spacious double with radiator and pedestal wash basin.
Bedroom 4 (3.71m x 2.54m / 12′2″ x 8′4″): Comfortable double with radiator.
Bedroom 3 (3.76m x 2.23m / 12′4″ x 7′4″): Another good-sized room with radiator.
Bathroom (3.55m x 2.74m / 11′8″ x 9′0″ max): Large and well-appointed, featuring a double-width shower cubicle with mains-fed shower, wash basin, WC, heated towel rail, extractor fan, wood-effect flooring and tiled splashbacks.
The Second Floor offers two further bedrooms:
Bedroom 2 (3.60m x 2.89m / 11′10″ x 9′6″ max): With Velux window and radiator.
Bedroom 1 (4.82m x 2.84m / 15′10″ max x 9′4″): A generously proportioned room with dormer window to the front and contemporary vertical radiator.
OutsideThe rear garden is a real advantage, providing an enclosed, low-maintenance outdoor space — predominantly laid to gravel and patio, perfect for tenants seeking some fresh air or outside relaxation.
Life at West Parade, LincolnWest Parade is at the heart of Lincoln’s vibrant West End, a location that remains one of the city’s most popular rental hotspots. The property is ideally placed for University of Lincoln students and young professionals alike, being just a few minutes’ walk to campus, the train station, High Street shops, pubs, and restaurants. This combination of location, size, and consistent rental demand ensures strong occupancy levels and reliable returns for any savvy investor.
Material InformationPart A – Key FactsTenure: FreeholdCouncil Tax Band: B (City of Lincoln Council)Broadband & Mobile Coverage: Superfast broadband available; good mobile coverage
Part B – Utilities and ServicesElectricity Supply: MainsWater Supply: MainsDrainage: MainsHeating: Gas central heatingGlazing: uPVC double glazingParking: On-street parking (permit scheme applies)Construction Type: Brick under tiled roof (traditional build)Flood Risk: Very low (Environment Agency mapping)EPC Rating: D (anticipated; confirm with EPC certificate)
Part C – Other Relevant FactorsRights & Easements: None knownCovenants: No known restrictive covenantsPlanning Permissions: No current applications affecting the propertyAccessibility: Multi-level home with standard thresholds and stairsMining/Environmental Issues: No known risksAlterations: Licensed for use as a six-bedroom HMO
These particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, and they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property. None of the above appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment.

Sourced reference: 165126857

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Sales Agent

Kinetic Estate Agents Limited

Lincoln

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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.

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Sales Agent

Kinetic Estate Agents Limited

Lincoln

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