>
4 bedroom terraced house for sale
Newland Street West, Lincoln LN1
£240,000
Newland Street West, Lincoln LN1
£240,000
Our Summary
- To the rear, there is a private courtyard garden leading to a generous brick and tile outbuilding (see floorplan), which could offer potential for further development or conversion (subject to planning)
- The neighbouring property, 105 Newland Street West, is also under the same ownership and may be available by separate negotiation, offering scope for a wider investment or development project
- HMO Licence – Valid until 18th November 2025, offering potential for continued rental income
- Investment Potential – Neighbouring property available by separate negotiation, offering further de
Description
This versatile property in Lincoln's West End offers a spacious four-bedroom home or a licensed House in Multiple Occupation (HMO) with vacant possession in July 2025. The property generates £25,000 per year and has a well-balanced layout, making it suitable for both uses. The property features a lounge, dining room, kitchen, ground floor bathroom, and upstairs shower room. The rear courtyard garden leads to a generous outbuilding with potential for further development or conversion, subject to planning. The property is within walking distance of the city center and has easy access to the A46 Bypass, making it convenient for commuters. The existing HMO licence is valid until November 2025, providing a compliant setup for landlords. The property offers flexibility for both homeowners and investors, with the option to continue its use as a licensed HMO or convert it into a single-family home.