Property Details

Vernon Street, Lincoln£170,000

On MarketStarkey&Brown Lincoln - 01522 84584500020700

Four Bedroom HMO Property
Currently Tenanted For 26/27
Annual Income Of Approx £17,595
Three Rooms At £115 Per Week For 51 Weeks
Annual Gross Yield Of 10.35%
Immaculate Condition Throughout
City Centre Location
Easy Access To University Of Lincoln

Starkey&Brown are delighted to offer for sale with no onward chain this immaculate four-bedroom HMO property situated in a city centre location. The property is currently tenanted for the 2026/2027 educational year to three students, each renting a room at £115 per week over a 51-week contract. This generates a total annual rental income of £17,595, representing an annual gross yield of 10.35% based on the asking price. Maintained in immaculate condition throughout, the property sits in a highly desirable location close to everything Lincoln city centre has to offer. Most importantly for student lets, it sits within a short 10-minute walk to the University of Lincoln, making it a popular choice for tenants. For further details or to arrange a viewing request, please contact Starkey & Brown. Council tax band: A. Freehold.

Entrance Hall
The property is approached via a shared side passageway leading to a private front door entry on the side aspect. The welcoming entrance hall provides direct access into Bedroom One and continues through into the main communal living room.
Bedroom 112' 7'' x 11' 0'' (3.83m x 3.35m)
Located on the ground floor, this spacious double bedroom features a uPVC double-glazed window to the front aspect, a single radiator, and a coved ceiling.
Living Room12' 1'' x 12' 0'' (3.68m x 3.65m)
A comfortable communal living space featuring a uPVC double-glazed window looking out to the rear aspect. The room includes a single radiator and a practical understairs storage cupboard, which houses the meters and the consumer unit. From here, an opening leads directly into the kitchen.
Kitchen5' 10'' x 9' 3'' (1.78m x 2.82m)
The kitchen is fitted with a matching range of wall and base units overlaid with counter worktops. It includes a four-ring hob with an extractor hood over and an integrated oven below, alongside ample space and plumbing for white goods. The space is filled with natural light via a uPVC double-glazed window to the side aspect, while a uPVC double-glazed door leads out to the side, giving access to the rear garden.
Bathroom8' 3'' x 6' 0'' (2.51m x 1.83m)
Accessed via the kitchen, this neatly presented bathroom features a three-piece suite comprising a panelled bath with a shower head attachment over, a low-level WC, and a vanity wash hand basin with integrated storage. The room is completed by a single radiator, a uPVC double-glazed window to the side aspect, and a built-in cupboard housing the gas central heating boiler.
First Floor Landing
Stairs rise from the ground floor to a first-floor landing, which provides independent access to the three remaining bedrooms.
Bedroom 213' 9'' min x 7' 9'' (4.19m x 2.36m)
A well-proportioned bedroom featuring a uPVC double-glazed window to the front aspect and a single radiator.
Bedroom 38' 11'' x 12' 2'' (2.72m x 3.71m)
Another spacious bedroom including a uPVC double-glazed window overlooking the rear aspect and a single radiator.
Bedroom 48' 1'' x 11' 11'' (2.46m x 3.63m)
The final bedroom is equipped with a uPVC double-glazed window to the front aspect and a single radiator.
Outside Rear
To the rear of the property is a fully enclosed, low-maintenance courtyard garden, which offers a private outdoor space and access to a secure, brick-built outbuilding ideal for storage.
Outside Front
The front of the property features a neat dwarf wall perimeter and offers access to the shared side passageway, which leads round to the main entrance door.

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