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Gaunt Street, Lincoln, LN5 - Image 1
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Gaunt Street, Lincoln, LN5

East Midlands

£130,000
Listed on 08/08/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
796 sqft

Description

This three-bedroom mid-terrace house presents an intriguing opportunity for those looking to invest or make their mark in Lincoln City. The property offers a solid foundation, perfect for first-time buyers or seasoned investors aiming to enhance its value through renovation. Upon entering, you’ll find a cozy lounge that leads into a separate dining room, ideal for gatherings and family meals. The kitchen is functional but could benefit from modern updates, allowing future owners to personalize it according to their style and needs. A practical shower room on the ground floor adds to the convenience of daily living, making it suitable for busy families or professionals. The upper level houses three bedrooms, including a spacious master bedroom that provides a comfortable retreat. The other two rooms—a double and a single—are versatile enough to accommodate guests, children, or even serve as a home office. While the overall condition is stable, some cosmetic enhancements would significantly elevate the living experience and value of this property. At the rear, there’s a small courtyard garden that offers private outdoor space without the burden of extensive maintenance. This area can be transformed into a charming retreat for enjoying mornings outdoors or unwinding at the end of the day. Located conveniently near local shops and amenities, this property benefits from easy access to city life while maintaining a sense of community. The absence of an onward chain facilitates a smooth transaction process. For those seeking not just a home but an investment with excellent potential for appreciation through thoughtful renovations, this property is worth considering in the vibrant heart of Lincoln City.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -22.9% below area average per sq ft

-22.9%
Potential saving
This Property
£163/sq ft
Area Average
£212/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£13,000 - £32,500
10-25% of property value
Target Value
£185,452
10% above area average per sq ft
Potential ROI
+14.1%
After renovation
Monthly Sales
29
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +6.9% over the last 12 months
3 year growth: 1.2%
5 year growth: 9.0%
Investment Disclaimer: Analysis based on LN5 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Gaunt Street, Lincoln, LN5
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