155 & 157 Monks Road, Lincoln LN2 5JJ

This property comprises two substantial, adjoining Victorian terraced houses, adapted to provide a fully licensed house of multiple occupation (HMO) with a total of 14 bedrooms, laid out over ground, first, and second floors. The current combined income is £61,908 per annum, with three vacant units, offering potential for an estimated income of approximately £85,000 per annum when fully let at prevailing market rates. The properties feature shared bathrooms, with potential for installing ensuite bathrooms in most bedrooms. Constructed in solid brickwork under a pitched tiled roof, the properties have pedestrian access from Monks Road and benefit from parking for four vehicles. The total net internal area is approximately 263.38 m² (2,834 sq. ft). Located just over a mile from the main Lincoln University campus and less than half a mile from Lincoln College, the properties are within walking distance of the town centre. The tenure is freehold, subject to tenancy.