Vernon Street, Lincoln
Vernon Street, Lincoln, Lincolnshire, LN5 7QU
5 Beds
1 Baths
1 Reception
£260,000
Five Bedroom HMO Investment
Producing £2,117pcm
£25,404 Annual Rental Income
Strong Rental Yield
Generous Room Sizes
Accommodation Over Three Floors
Loft Bedroom Measuring 15'6" x 13'9"
Bathroom Plus Separate WC
Kitchen Access To Garden
Established Investment Opportunity
Kinetic Estate Agents presents a superb opportunity for investors seeking an established five bedroom HMO with strong rental income, generous room sizes and a practical layout arranged over three floors. Currently producing £2,117pcm, equating to £25,404pa, this is a ready-made investment with clear appeal for landlords looking for immediate yield.
What Kinetic Estate Agents Love About This Property
“Each bedroom is a genuinely usable size, which is exactly what you want to see in a strong HMO investment.” — Rob Webb, Director
“The rental figures are excellent, with a combined income of over £25,000 per year.” — Matt Wilson, Business Development Manager
“The loft bedroom adds real flexibility and gives the property a much larger feel than expected.” — Jo Foster, Sales Manager
Step Inside
The property opens into a hallway with access through to the ground floor accommodation. Bedroom One is positioned to the front of the property and enjoys a bay-fronted outlook, measuring 4.02m x 3.65m (13'2" x 12'0"), making it a spacious and appealing double room.
To the rear sits the living room, measuring 3.65m x 3.46m (12'0" x 11'4"), with access onward to the kitchen. The kitchen measures 4.42m x 1.94m (14'6" x 6'4") and leads through to the bathroom, measuring 1.84m x 1.80m (6'0" x 5'11"). The kitchen also provides access out towards the garden.
The first floor offers three further bedrooms. Bedroom Three sits to the rear, measuring 3.45m x 2.59m (11'4" x 8'6"). Bedrooms Four and Five are positioned to the front, measuring 3.71m x 2.08m (12'2" x 6'10") and 3.46m x 2.60m (11'4" x 8'6") respectively. A separate WC is also located on this level.
The second floor is home to Bedroom Two, a generous loft room measuring 4.72m x 4.20m (15'6" x 13'9"), providing an excellent additional letting room.
The total floor area is approximately 118.7 sq.m. (1,277 sq.ft.).
Current Monthly Outgoings:
Council Tax: £129pcm
Water: £100pcm
Energy: £230pcm
Life in the Vernon Street Area
Vernon Street offers a convenient residential setting with strong rental appeal, making it well suited to tenants looking for access to local amenities, transport links and nearby employment areas. For landlords, the location and room sizes combine to create a practical, income-focused investment.
Material Information
(Provided by the Seller)
Part A – Key Facts
Tenure: Freehold
Council Tax Band: A
Property Type: Terraced HMO
Bedrooms: 5
Bathrooms: 1 bathroom plus separate WC
Parking: On Road
Management Fee: None
Part B – Utilities & Services
Electricity: Mains, approximately £230pm
Water: Mains, approximately £100pm
Drainage: Main
Heating: Gas Central
Glazing: Double Glazed
Part C – Other Information
Construction: Standard
Flood Risk: None
Rights & Easements: None
Covenants: None
Planning Permissions: None
These particulars are intended to give a fair and accurate description of the property but their accuracy cannot be guaranteed and they do not form part of any contract. All measurements, floor areas and distances are approximate and provided for guidance only. Kinetic Estate Agents have not tested any services, systems or appliances and therefore cannot verify that they are in working order. Prospective purchasers should rely on their own inspections, surveys and legal enquiries prior to purchase.
All utility and service information is believed to be accurate at the time of publication. Costs, suppliers and arrangements may be subject to change, and prospective purchasers are advised to make their own enquiries to verify current details.
Property Type
House
Property Style
Terraced
Parking
None
Tenure Type
Not Specified
Council Tax Band
A
Sewerage
Mains Supply
Water
Mains
Floor Plan 1
EPC 1
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