155 & 157 Monks Road, Lincoln LN2 5JJ

This investment property consists of two adjoining Victorian terraced houses, adapted to provide a fully licensed 7-bedroom House in Multiple Occupation (HMO) in each, totaling 14 bedrooms across three floors. The properties have a combined current income of £61,908 per annum, with the potential for increased rental income by installing ensuite bathrooms in most bedrooms. The buildings are constructed of solid brickwork under a pitched tiled roof and feature pedestrian access from Monks Road, along with car parking. The total net internal area is approximately 263.38 m² (2,834 sq. ft). Located just over a mile from Lincoln University and less than half a mile from Lincoln College, the properties are within walking distance of the town centre. Each house has shared bathrooms, and all rooms include a wash basin. The properties have undergone recent renovations, with one being fully refurbished. Current rental details include various room types with specific monthly rents and contract details. There is also lapsed planning permission for conversion into four flats and the erection of a two-storey building for additional flats, which prospective buyers should verify with the local authority.