LN2 155-157 Monks Road, Lincoln

The investment opportunity comprises two substantial, adjoining Victorian terraced houses, that have been adapted to provide a fully licenced 7 bedroom HMO in each (so 14 bedrooms in total), laid out over ground, first and second floors.

Both properties have recently had work undertaken on them, with 155 having been redecorated, whilst 157 has been totally refurbished and redecorated throughout. Both properties currently have shared bathrooms, but in our view there is potential for installing ensuite bathrooms in most of the bedrooms, which provides an opportunity to significantly increase the rental income.

The properties are constructed in solid brickwork under a pitched tiled roof, with pedestrian access from Monks Road. There is a small car park to the rear as well as on street permit parking on the surrounding streets. Cycle and bin storage can be found to the front of the property where there is a small forecourt. The property has been attractively adapted and is well-presented throughout.

The property itself is situated on Monks Road about 1/2 mile to the east of the City Centre, in an area that is popular with Students. The property overlooks the Arboretum to the north, which is a 19th century 22 acre park, with lovely gardens and ponds. There is a good range of local amenities nearby including a Co-op store and Post Office, a Pharmacy and a variety of local independent retail shops and takeaways.

The property is also located just over a mile from the main Lincoln University campus on Brayford Pool and less than 1/2 mile from the main Lincoln College Campus, situated at the western end of Monks Road, close to where it joins Broadgate.