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St Catherines Grove, Lincoln, LN5

East Midlands

£120,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This Victorian mid-terrace property, located in a sought-after area just south of Lincoln city centre, presents a significant opportunity for complete refurbishment and modernization. Spanning approximately 755 sq.ft., the layout consists of an entrance hall, a bright bay-fronted lounge, a separate dining room with built-in storage, and a utility lobby leading to the kitchen at the rear. The first floor features two spacious double bedrooms and an unusually large bathroom that invites redesign. The rear garden is particularly noteworthy, being extensive and currently overgrown but providing ample potential for landscaping or even extension (subject to necessary permissions). This property requires comprehensive updates across all areas—including kitchen, bathroom, heating system, plastering, redecorating, and flooring—making it ideal for investors or homebuyers eager to create their own vision. With no onward chain, this represents an appealing chance to invest in a well-connected residential location near local amenities and schools.

Investment Analysis

(LN5 area)
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
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

St Catherines Grove, Lincoln, LN5
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 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.

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