Worst House on the Street Logo
Northgate, Lincoln, Lincolnshire, LN2 - Image 1
Northgate, Lincoln, Lincolnshire, LN2 - Image 2
Northgate, Lincoln, Lincolnshire, LN2 - Image 3
Northgate, Lincoln, Lincolnshire, LN2 - Image 4
Northgate, Lincoln, Lincolnshire, LN2 - Image 5

Northgate, Lincoln, Lincolnshire, LN2

East Midlands

£900,000
Listed on 22/03/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2400 sqft

Description

This detached residence presents a distinctive opportunity for potential buyers seeking a blend of historical charm and renovation possibilities. Nestled within lush grounds, the property is conveniently located near the historic areas of Bailgate and Uphill Lincoln, with the iconic Lincoln Cathedral just a 10-minute stroll away. The gardens feature remnants of the original Roman moat, adding to its unique character, alongside a quaint period Folly marking one of Lincoln's highest points. Once part of Lord Shuttleworth's estate, this home served as his summer retreat, and the grounds are enriched with an array of mature specimen trees planted by Colonel Hobson during his extensive travels. Constructed in 1920 by Sir Robert Pattinson, former Sheriff of Lincolnshire, this residence has had only three owners and has recently undergone essential updates, including new wiring and roofing. The extensive brick boundary wall provides security while affording a sense of tranquility that feels more like a country escape than a city home. Inside, the property has been well-maintained by its current owners for over three decades. It features an inviting entrance porch leading to spacious living areas that include a lounge and dining room, as well as a practical kitchen equipped with a pantry. An adjoining self-contained annexe offers additional flexibility and income potential as it currently operates as an Airbnb but could easily be rejoined to the main house if desired. Upstairs holds five generously sized double bedrooms alongside family facilities including a shower room and separate WC. The main bedroom is enhanced by an en-suite for added convenience. Moreover, there is approved planning permission for an in-and-out driveway at the front of the home. A building plot on the side also comes with planning consent for a chalet-style dwelling designed by Rob Bradley. This proposed accommodation would feature an open-plan living area with kitchen facilities, along with two bedrooms upstairs—an attractive prospect for investors or those looking to increase their property's value. This residence not only offers immediate comforts but also significant renovation and investment potential in one of Lincoln's most sought-after locations.

Investment Analysis

(LN2 area)

Above Market Value

This property is priced +51.9% above area average per sq ft

+51.9%
This Property
£375/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £100,000
Target Value
£651,948
10% above area average per sq ft
Potential ROI
-34.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -4.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LN2 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Northgate, Lincoln, Lincolnshire, LN2
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£3,297
Based on a loan of £675,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE