Lot 5 - 8 Albert Crescent, Lincoln, Lincolnshire, LN1 1LX

  • Unconditional Online Auction Sale
  • Guide Price* : £275,000+
  • Bedrooms: 5
  • Bathrooms: 5
  • Reception Rooms: 1

A fully tenanted five bedroom all ensuite HMO let to students producing £33,150 per annum

Description

• Freehold mid terrace house
• 5 ensuite bedroom fully tenanted HMO
• Benefits from a rear garden
• Strong rental demand in an area popular with students
• Close to the University of Lincoln, the city centre and key amenities
• Representing a 12% yield on guide price

Location

Situated on the well-connected Albert Crescent in Lincoln, the property benefits from convenient access via the A57 and A46. Close to the University of Lincoln, Lincoln city centre and Lincoln County Hospital. Set within a desirable residential area, it is close to a range of local amenities including shops, schools, and parks.

Transport links are provided by both Lincoln and Hykeham Rail Stations.

HMO Compliance

- HMO License (Currently being renewed - Previous license for 5 people)
- Certificate of Lawfulness
- EPC
- EICR
- Fire Risk Assessment
- Emergency Lighting Test Certificate
- Fire Alarm Test Certificate
- Gas Safety Certificate

Please see legal pack for copies of these documents

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground En-suite HMO room with access to communal kitchen and reception room 12 month AST starting from 12th September 2025 £6,630
2 Ground En-suite HMO room with access to communal kitchen and reception room 12 month AST starting from 12th September 2025 £6,630
3 Ground En-suite HMO room with access to communal kitchen and reception room 12 month AST starting from 12th September 2025 £6,630
4 First En-suite HMO room with access to communal kitchen and reception room 10 month AST starting from 9th October 2025 £6,128.87
5 First En-suite HMO room with access to communal kitchen and reception room 10 month AST starting from 9th October 2025 £6,128.87

Vendors Solicitor
Sham Michael
02032920669

* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.

The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.

To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).

Please note that Lots may be sold or withdrawn prior to auction without prior notice.

Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.

All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.

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Vendors Solicitor

Sham Michael
02032920669

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