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3 Bedroom End Terrace Property
Address
See address
Auction date
15 Oct 2025
Guide price
£550,000
Type
House
Tenure
Freehold
EPC Rating
Unknown
Status
Ended
Description
A great opportunity to secure a ready move-in period terrace property with a secure auction purchase.
- Worcester Road is a highly sought-after location with a strong sense of community.
- Close to Blackhorse Road Station, providing access to the Victoria Line and overground trains.
- The nearby 'Beer Mile' features dog-friendly microbreweries and pop-up food venues.
Register on the auctioneer's website for the legal pack and viewing information.
Last update: 29 Sep 2025
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This investment opportunity consists of two adjoining Victorian terraced houses converted into licensed 7-bedroom HMOs, yielding a total income of £61,908 per annum. Recently upgraded, 155 Monks Road has been redecorated, while 157 has been fully refurbished. With shared bathrooms, there's potential for adding ensuites in most bedrooms to boost rental income. The properties, featuring solid brick construction and a pitched roof, offer parking and are conveniently located near Lincoln University and the town center. Current income is £5,169 per month with a suggested potential full rental of £85,000 per annum when fully let. Both properties comply with legal standards and historical planning for conversion exists.
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Guide Price
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