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Nelthorpe Street, Lincoln, LN5 - Image 1
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Nelthorpe Street, Lincoln, LN5

East Midlands

£115,000
Listed on 24/09/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1291 sqft

Description

This substantial four-bedroom residence spans three levels and offers over 1,100 square feet of living space, making it an attractive prospect for those seeking a renovation project. Ideally located in the heart of Lincoln, the property sits within walking distance to the city center, providing easy access to various amenities including shops, restaurants, and the University of Lincoln. The ground floor presents a traditional layout that includes a cozy lounge at the front and a separate dining room featuring a charming fireplace. While the kitchen is functional, it is in need of modernization but provides ample room for reconfiguration or upgrading. A convenient shower room is also located on this level, enhancing the home’s flexibility. Upstairs, there are three well-sized bedrooms along with a sizable family bathroom equipped with a bath. The uppermost floor hosts an additional bedroom that could easily be transformed into a serene primary suite or utilized as an office space—adding further versatility to the property. Though it requires comprehensive refurbishment throughout, this house has been carefully maintained and serves as a blank canvas for creativity. For potential homeowners and investors alike, there is considerable opportunity to revitalize this property into a delightful family home or a valuable rental investment. Situated in a desirable area of Lincoln, residents will benefit from nearby attractions such as local parks and historical sites like the Cathedral Quarter. Whether you are looking to embark on your own renovation journey or seeking out an investment with significant upside potential, this four-bedroom house promises great possibilities for its next owner.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -57.9% below area average per sq ft

-57.9%
Potential saving
This Property
£89/sq ft
Area Average
£212/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£11,500 - £28,750
10-25% of property value
Target Value
£300,777
10% above area average per sq ft
Potential ROI
+109.2%
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

Nelthorpe Street, Lincoln, LN5
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