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Investment Opportunity Comprising Two Substantial Adjoining Victorian Terraced Houses

Investment Opportunity Comprising Two Substantial Adjoining Victorian Terraced Houses

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Auction date

26 Feb 2026

Guide price

£485,000

Type

House

Tenure

Unknown

EPC Rating

D

Status

Upcoming

Auction location placehbolder

Description

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.

Last update: 19 Feb 2026

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