Ripon Street, Lincoln, LN5 7NH

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £125,000.HMO Investment Property Returning 11.99% Gross Yield - Situated in the Sincil Bank area of Lincoln city centre is this period terraced property offering 4 bedrooms over two floors. The next tenancy will begin in August 2026 and end in August 2027, returning an annual income of £22,185. The home is well presented throughout, and includes a colourful kitchen and communal living space to the ground floor. The ground floor is completed by a downstairs WC, shower room and one bedroom. The first floor has 3 generously sized bedrooms, while the exterior features a low-maintenance traditional courtyard. The Sincil Bank area is a short walk to Lincoln's main High Street which provides access to all the major retail and leisure amenities as well as having quick access to Lincoln's major historical landmarks. The home has flexible use, confirmed by the council's current C3 & C4 designations. Being sold with Tenants in Situ, there is a significant tenancy cancellation fee should a purchaser wish to purchase the property without tenants. Council tax band: A. Freehold.

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale andare referred to below as 'The Auctioneer'.This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auctionterms and overseen by the auctioneer in partnership with the marketing agent.The property is available to be viewed strictly by appointment only via the Marketing Agent or TheAuctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.Please be aware that any enquiry, bid or viewing of the subject property will require your details beingshared between both any marketing agent and The Auctioneer in order that all matters can be dealtwith effectively.The property is being sold via a transparent online auction.In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers willbe required to adhere to a verification of identity process in accordance with Anti Money Launderingprocedures. Bids can be submitted at any time and from anywhere.Our verification process is in place to ensure that AML procedure are carried out in accordance withthe law.The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price' and is accompaniedby a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and willtypically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.These prices are subject to change.