Portland Street

Lincoln, Lincolnshire

£275,000

  • 6 bed and 2 bathrooms with 1 toilet split over two floors
  • Currently vacant but previously rented to students for £32,834pa producing a gross yield of 12%
  • Has a full HMO licence in place and a Certificate of Lawfulness in place
  • Modern communal lounge/lounge and finishes throughout
  • Fantastic location for students

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0161 337 3890

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104 Portland Street, Lincoln, LN5 7LE

Asking Price: £275,000
Fully Licensed 6-Bed HMO | Certificate of Lawfulness | Prime Student Location
Investment Overview

Welcome to 104 Portland Street, a fully compliant and high-yielding 6-bedroom licensed HMO located in the heart of Lincoln’s thriving student quarter. With a Certificate of Lawfulness in place and a Full HMO Licence, this property offers a ready-to-go investment opportunity with strong rental demand all year round.

Perfectly positioned just a short walk from the University of Lincoln, this modern and well-maintained property is a proven favourite among students seeking convenience, comfort, and a sociable living environment.

Please note the landlord has the property vacant as they missed this years students due to trying to sell the property. The property (if placing students in) would house students from the August 2026 period.

Property Highlights
  • Fully Licensed HMO – 6 bedrooms, 3 bathrooms
  • Certificate of Lawfulness – compliant and secure investment – please find webpage showing cert >> CLICK HERE
  • Fully furnished throughout – move-in ready for tenants
  • Modern communal lounge and well-equipped kitchen
  • Strong rental history with current rates up to £115 per week per room
  • Vacant possession – ready for immediate letting
Room Schedule & Current Rental Potential (2026 Rates)
Room Size (approx.) Weekly Rent
Bedroom 1 3.70m x 3.50m £105.24
Bedroom 2 3.00m x 2.60m £105.24
Bedroom 3 3.70m x 2.10m £105.24
Bedroom 4 3.70m x 2.30m £105.24
Bedroom 5 2.80m x 2.90m £105.24
Bedroom 6 3.20m x 2.60m £105.24

Gross Potential Annual Income:
£631/week × 52 weeks = £32,834 p.a.

Indicative Gross Yield: 12.0%

Outgoing Costs: £5,500 per annum

Net Income: £27,334

Net Yield: 10%

Investor Returns

Lincoln continues to be one of the most consistent student rental markets in the East Midlands, with low vacancy rates, high demand, and steady year-on-year rental growth.

This property’s turnkey condition and full compliance make it ideal for both experienced HMO investors and new entrants seeking hands-off income generation. With strong yields, minimal voids, and a student market projected to remain robust, 104 Portland Street offers exceptional returns and long-term capital growth potential.

Why Invest in Lincoln
  • Growing University Population – The University of Lincoln attracts over 18,000 students annually, driving consistent rental demand.
  • Central Location – Close to city amenities, train station, and university campus.
  • Stable Rental Yields – Lincoln regularly achieves 8-12% HMO yields, outperforming many UK cities.
  • Low Maintenance Investment – Modern finish and fully furnished interior reduce maintenance costs.
Upsell: Loughborough Connection

For investors with wider portfolios or expansion ambitions, Loughborough represents another outstanding student rental hotspot in the East Midlands.

Home to the UK’s top-ranked Loughborough University, the town has some of the highest student occupancy rates in the country and premium rental prices. Combining an investment in Lincoln with one in Loughborough creates diversification across two of the region’s most resilient student markets – offering both cash flow security and long-term capital appreciation.

Summary
104 Portland Street, Lincoln
  • Fully Licensed 6-Bed HMO
  • Certificate of Lawfulness
  • Proven Student Rental Location
  • £33,000 + Annual Income Potential
  • £275,000 Asking Price
  • Strong 12% Gross Yield

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