Property Details

Kesteven Street, Lincoln£295,000

On MarketStarkey&Brown Lincoln - 01522 84584500020890

Article 4 - House & Separate Annexe
Approx Income £36k Per Annum With Scope For £42k
Permit Parking
Perfect Investor Buy
Four Bedroom House With Two Bedroom Annexe
Viewings Taking Place Academic Year 2027-2028
City Centre Location
Call Today To View

Starkey&Brown are delighted to offer for sale this unique six-bedroom Article 4 investment opportunity, situated on Kesteven Street in Lincoln. Arranged as two separate dwellings, comprising a four-bedroom main property together with a self-contained two-bedroom annex, this is a rare opportunity to acquire a substantial income-producing investment in a convenient city centre location. The property is currently let until next year, allowing the incoming purchaser to benefit from an existing rental income from completion, subject to the terms of the tenancy arrangements. The current rental income is approximately £36,000 per annum, with the potential to increase this to around £42,000 per annum, offering further scope for an investor looking to maximise the property’s earning potential. The main dwelling provides four bedrooms, a separate lounge, kitchen and bathroom, together with a small, low-maintenance rear garden. In addition, there is a separate two-bedroom annex, which benefits from its own lounge, kitchen and bathroom, providing a second self-contained living space. The property benefits from a valid HMO licence, with the relevant compliance and safety documentation in place, making this an appealing investment opportunity. Permit parking is available to the front of the property. Kesteven Street is ideally positioned for access to Lincoln city centre and its extensive range of amenities. The location is particularly attractive for the student rental market, with the University of Lincoln, Bishop Grosseteste University and the city’s popular student areas all within convenient reach. Lincoln offers a wide selection of shops, supermarkets, restaurants, bars and leisure facilities, alongside excellent public transport links and Lincoln railway station. Offering six bedrooms across two separate dwellings, an established rental income, potential for increased returns. Viewings are now take place for the academic year 2027-2028. This is a fantastic opportunity to acquire a unique investment property in a popular Lincoln location. Council tax band: A. Freehold.

uPVC composite door leading to:
Hall
Recently fitted commercial grade LTV, a radiator, and a staircase to the first floor. Access to:
Bedroom 112' 3'' x 12' 1'' (3.73m x 3.68m)
Having a uPVC double-glazed window, carpeted, and a radiator.
Lounge15' 8'' x 11' 8'' (4.77m x 3.55m)
Having a uPVC double-glazed window, an understairs storage cupboard, recently fitted commercial-grade LTV, and access to:
Kitchen11' 11'' x 6' 8'' (3.63m x 2.03m)
Having a range of matching wall and base units with countertops, space and plumbing for appliances, space for a fridge-freezer, an electric oven with an overhead extractor fan, a 4-ring electric hob, a uPVC double-glazed window, and recently fitted commercial-grade LTV flooring. Open access leading to:
Lobby
Having a uPVC door leading to the rear.
First Floor Landing
Carpeted. Access to:
Bedroom 215' 3'' x 7' 6'' (4.64m x 2.28m)
Having a uPVC double-glazed window, carpeted, a radiator, and a built-in storage cupboard.
Bedroom 312' 0'' x 8' 8'' (3.65m x 2.64m)
Having a uPVC double-glazed window, carpeted, and a radiator.
Bedroom 410' 0'' x 8' 11'' (3.05m x 2.72m)
Having a uPVC double-glazed window, carpeted, and a radiator.
Shower Room
Three-piece suite comprising low-level WC, wash hand basin, walk-in shower cubicle, a uPVC frosted window, tiled flooring, tiled walls, and a radiator.
Outside Front
Permit parking.
Outside Rear
Artificial turf and access to the annexe.
Annexe
A uPVC door leading to:
Lounge
Having a uPVC double-glazed window, carpeted, a radiator, and a staircase to the first floor. Leading to:
Kitchen10' 5'' x 8' 11'' (3.17m x 2.72m)
Having a range of matching wall and base units with countertops, a stainless steel sink with mixer taps, space and plumbing for appliances, uPVC double-glazed windows, tiled flooring, an electric oven with a 4-ring electric hob and an overhead extractor fan. Access to:
Shower Room
Three-piece suite comprising a low-level WC, wash hand basin, walk-in shower cubicle, uPVC double-glazed frosted window, tiled floor and tiled walls, and a radiator.
Bedroom 511' 9'' x 11' 0'' (3.58m x 3.35m)
Having a uPVC double-glazed window, carpeted, and a radiator.
Annexe Second Floor
Bedroom 615' 3'' x 12' 4'' (4.64m x 3.76m)
Having a uPVC double-glazed window, carpeted, and a radiator. Access to the boiler cupboard. The gas combination boiler is less than 2 years old.
Agents Note
Both dwellings are being sold as one.
Agents Note 1
There is a valid HMO license, and all compliance is up to date.
Agents Note 2
The annexe has its own access from Cross Street. There is also access from the main residence.

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