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Back to search: Lincoln or Montague Street

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5 bed Terraced property

Available
For Sale
Listed Jul 16, 2025
£250,000
Available

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Transaction history

£245,000 Jun 8, 2022
£129,000 Jun 13, 2014

Description

"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 "

Mouseprice Data

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Data point Compared to road
Tax band A
130 sqm plot

Property Location

Average Price
Crime
Nearby Schools
Lincoln College
0.2mi
Lincoln Monks Abbey Primary School
0.2mi
Lincoln Minster School
0.3mi
Lincoln UTC
0.3mi
The Lincoln St Peter-in-Eastgate Church of England (Controlled) Infants School
0.4mi
Nearby Stations
Lincoln Central Station
0.5mi
Hykeham Station
3.8mi
Saxilby Station
6.2mi
Swinderby Station
8.4mi
Metheringham Station
8.4mi
Schools
Stations
On the map
Road view

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