4 Bedroom Terraced House, Dixon Street, Lincoln, LN5

Tenants in place. Rental income from the outset. Scope for more. This established four-bedroom licensed HMO in Lincoln offers £17,340 gross rent over the current 51-week agreements, with a prospective fourth tenant already identified. Full occupancy would increase this to £19,125 over 51 weeks, subject to the fourth tenancy being agreed which is already in the process of being underway. Sold with tenants in situ and no onward chain - book your viewing today.

INCOME-PRODUCING STUDENT HMO — TENANTS IN SITU — NO ONWARD CHAIN

Offers over £175,000 | Dixon Street, Lincoln LN5

An established student rental investment with tenants already in place and a clear opportunity to increase income. This four-bedroom licensed HMO on Dixon Street offers an established letting history, existing rental income and a practical layout for shared accommodation.

An operating investment with scope to increase income

With existing tenants and a history of generating student rental income, this property offers buyers the opportunity to acquire an established letting operation.

The three supplied tenancy agreements cover 27 July 2026 to 18 July 2027 and provide combined rent of £340 per week, including an individual contractual discount. This equates to £17,340 over the stated 51-week period on a three-tenant basis. However this property has historically been let to 4 students and is currently in the process of adding another tenant.

Therefore there is a concrete prospect of achieving full occupancy: the letting agent has already identified a prospective fourth tenant. Subject to that tenancy being completed at £95 per week, combined rent would increase to £375 per week after applying the reductions in the existing agreements. This represents £19,125 over a full 51-week letting period - an increase of £1,785 compared with three-person occupancy.

Accommodation

The property comprises four bedrooms, a communal lounge, a communal kitchen and a shared shower room. Patio doors lead from the lounge to a low-maintenance rear garden, providing outdoor space with straightforward upkeep.

The established shared-house layout makes this a practical opportunity for investors seeking an existing student rental property.

Rental income at a glance

Three-tenant arrangement:

• Combined gross weekly rent: £340

• Gross rent over 51 weeks: £17,340

Four-tenant scenario:

• Combined gross weekly rent: £375

• Equivalent gross rent over 51 weeks: £19,125

The four-tenant scenario assumes a fourth tenant paying £95 per week and includes the contractual reductions for existing tenants. Actual income for the current tenancy period will depend on the fourth tenant’s start date and agreed terms which is being confirmed at the moment. Figures are before bills, management fees and other ownership costs.

Approximate bills, as previously supplied

• Council tax: £31

• Water: £50

• Energy: £170

• TV licence: £15

• Broadband: £33

• Insurance: £37

Further information

The property is offered with tenants in situ and no onward chain. An active HMO licence is in place, as advised by the seller. Tenancy documentation and rental details are available through the agent for prospective buyers to review.

Arrange your viewing

Contact Walters of Lincolnshire to view this established student investment and discuss the existing rental income and opportunity for full occupancy