£775,000 /Sale price

We are pleased to present a prime HMO investment opportunity on Portland Street, Lincoln - a fully converted building comprising four high-yield, modern apartments. This HMO property is arranged as follows: 6A - 4 bedrooms, 1 bathroom; 6B - 4 bedrooms, 2 bathrooms; 6C - 4 bedrooms, 2 bathrooms; 6D - 7 bedrooms, 3 bathrooms. This ready-made investment offers a total of 19 rentable bedrooms with 8-shower rooms, each designed to a high standard with strong tenant appeal. With demand for quality shared accommodation remaining high in Lincoln, this property represents an excellent opportunity for investors seeking strong rental returns and long-term capital growth. Based on 75% LTV with a 6% interest rate and taking buying costs into account (including the buyers fee) the projected cashflow of £2,082.72 per month, yield of 14% and ROI of 8.5% presents a strong investment proposition especially when coupled with the excellent condition of the property. Each apartment features elegant herringbone-patterned wooden flooring throughout, enhancing the overall sophistication of the space. The bedrooms are complemented by carpeting for comfort, while the bathrooms showcase contemporary tiling. The crisp white walls and neutral decor create a timeless, modern aesthetic, ensuring broad appeal to a diverse range of tenants. This combination of stylish finishes and versatile design offers strong potential for attracting high-quality renters and ensuring long-term value. The kitchen and living areas are generously sized and come with sofas and a TV ideal for communal living and entertaining. The kitchens are open-plan following a modern design and plenty of space for cooking, a large American style fridge freezer, induction hob and integrated cooker. The apartments are fully compliant with current fire safety regulations, including a fire alarm system and fire blanket in the kitchen. Each tenant bedroom is fully furnished to a high standard, including window dressings, a desk, chair, shelving, a double bed, and a large TV. The neutral decor and ample natural light create a bright, welcoming environment that enhances tenant satisfaction and retention. This turnkey setup reduces initial outlay for investors and ensures immediate rental appeal, supporting strong occupancy rates and consistent rental income. The bathrooms in each apartment are thoughtfully designed with practicality and style in mind. They feature durable tile flooring, a modern shower with easy-clean wall panels, and a sleek sink unit complete with integrated drawer storage - ideal for keeping toiletries and cosmetics neatly out of sight. The current owner holds an HMO licence for the property and has confirmed that the property met with all of the conditions of the licence. Please note that while a HMO licence is valid for 5 years, they are not transferrable and follow the person not the property - a new licence is required upon transfer of ownership. Don't miss the opportunity to view this impressive investment property. Book a viewing today to discover the full potential of Portland Street - offering strong cashflow and yields in a city renowned for its rich history and stunning architecture. To receive a copy of our comprehensive brochure, please register on the Investors Clubhouse by visiting the REALM 47 website. Buyers premium of 3% + VAT - payable in two parts: - A non-refundable reservation fee of £1,500 plus VAT or 25% + VAT (whichever is higher) - The balance is due upon legal completion (which is collected and paid by the buyers solicitor)