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4 bedroom terraced house for sale
Newland Street West, Lincoln LN1
£230,000
Newland Street West, Lincoln LN1
£230,000
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 four-bedroom property in Lincoln's West End is an ideal opportunity for buyers seeking a spacious home or investors looking to continue its use as a licensed House in Multiple Occupation (HMO). The property currently generates £25,000 per year and will be sold with vacant possession in July 2025, offering flexibility for both homeowners and investors. The well-balanced layout suits both uses, with a lounge, dining room, kitchen, and two bathrooms. The property is located within walking distance of the city centre and has easy access to the A46 Bypass, making it convenient for commuters. The existing HMO licence is valid until 2025, providing a compliant setup for landlords. The property also features a private courtyard garden and a generous outbuilding with potential for further development or conversion, subject to planning.