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Colegrave Street, Lincoln

East Midlands

£175,000
Listed on 25/09/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1665 sqft

Description

This substantial period townhouse exudes character and offers a remarkable opportunity for those looking to invest in a renovation project. Built around 1883, the property retains many original features that can be beautifully restored, making it an ideal candidate for transformation into a spacious family home. The layout includes an entrance lobby leading to a grand hallway, a lounge with a generous bay window, and a dining room showcasing original architectural details. There's also a sizable kitchen and a lean-to conservatory that opens up to the rear garden, providing potential for expansion. The ground floor includes a bathroom and a workshop space that could easily be converted into additional living quarters. Upstairs, you will find four well-proportioned double bedrooms along with a first-floor WC. The generous rear garden adds further appeal, offering space for outdoor improvements. This property is sold with no onward chain.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -50.6% below area average per sq ft

-50.6%
Potential saving
This Property
£105/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£389,835
10% above area average per sq ft
Potential ROI
+47.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
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

Colegrave Street, Lincoln
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£641
Based on a loan of £131,250 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.

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