4 bed terraced house for sale

Sibthorp Street, Lincoln, Lincolnshire LN5

Looking for a HMO which is in great condition? Look no further! Four double bedrooms and been successfully ran as a HMO for many years.

Currently rented out to students for £1770 from the 1st of August 2025 until the 14th of July 2026 (all bills included). Therefore offering a 10.86% yield.

Located on Sibthorp Street in easy reach of Lincoln University and the city centre, this property never struggles to rent out to students. Accommodation comprises entrance hall, lounge diner with feature fire place and modern kitchen. Lettable room number one can be found on the ground floor and benefits from a bay window to the front.

To the first floor there are two more double bedrooms and a three piece bathroom.

To the second floor there is another double bedroom.
Outside there is a yard to the rear.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold.
This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.
This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack.
The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements
Should you opt to use Conveyancing Services recommended by iamsold or the Partner Agent, please be advised that the Partner Agent will receive payment of up to £450.00 from the Conveyancing Provider for that recommendation where the services are taken, and a sale completes. It is important to note that recommended services are optional, and you should consider your options carefully before accepting any recommended services.