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St Catherines Grove, Lincoln, LN5

East Midlands

£120,000
Listed on 16/09/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
688 sqft

Description

Situated in a sought-after residential neighborhood just south of Lincoln city center, this Victorian mid-terrace property presents a compelling opportunity for comprehensive refurbishment. Spanning approximately 755 sq.ft., the home features a classic floor plan that includes an entrance hall, a spacious bay-fronted lounge, a separate dining room, and a rear kitchen alongside a utility lobby. The first floor accommodates two generously sized double bedrooms and an above-average bathroom, all of which offer promising potential for reconfiguration and modernisation. The property requires thorough updating throughout, including essential works such as installing a new kitchen and bathroom, upgrading the heating system, as well as plastering, redecorating, and replacing floor coverings. Outside, there is a charming walled front garden and an extensive enclosed rear garden that backs onto open green space—ideal for those looking to enhance outdoor spaces or consider extension possibilities (pending consent). With no onward chain in place, this property is perfect for investors or those seeking to create a desirable family home in proximity to local schools, public transport links, and amenities.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£174/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£164,604
10% above area average per sq ft
Potential ROI
+2.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +5.3% over the last 12 months
3 year growth: +1.3%
5 year growth: -0.2%
Investment Disclaimer: Analysis based on LN5 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

St Catherines Grove, Lincoln, LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 over 30 years at 4.06% 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.

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