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Dixon Street, Lincoln LN5

East Midlands

£120,000
Listed on 09/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1120 sqft

Description

This three-bedroom terraced house offers a promising opportunity for both first-time buyers and investors looking to capitalize on a property with significant renovation potential. With a spacious layout spanning approximately 1,119 square feet, the home features two generous reception rooms and a kitchen on the ground floor, alongside three well-sized bedrooms and a bathroom upstairs. While the property is in need of some updating, this presents an ideal chance for new owners to infuse their personal style into the space. The existing layout allows for flexible design possibilities, making it easy to reconfigure areas or modernize interiors to enhance comfort and functionality. Situated within close proximity to Lincoln's city center, the location boasts easy access to various local amenities, including shopping options, dining establishments, and public transport connections. This urban setting not only caters to everyday conveniences but also promotes a dynamic lifestyle that many desire. For those seeking a rental investment, this property holds great potential due to its location and size. With thoughtful renovations, it can attract long-term tenants or serve as an appealing short-term rental option amid the bustling city scene. The entrance leads into a welcoming passageway that connects to the main living areas and includes access to a rear garden. The lounge features period details like a decorative fireplace and large windows that invite natural light. The dining room provides additional space for gatherings or entertaining. The kitchen is equipped with functional appliances and offers convenient access to the rear porch leading out to the garden—an area that could be transformed into an inviting outdoor retreat. Upstairs, three bedrooms provide ample sleeping quarters or office spaces for remote work. The bathroom features essential fixtures while leaving room for updates that align with modern tastes. Outside, the rear garden presents opportunities for landscaping or outdoor living enhancements. With all mains services connected and gas central heating in place, this property is ready for updates without major structural changes. First-time buyers will find an excellent entry point into homeownership here while investors can explore ways to maximize rental income in this sought-after locale. This Lincoln home invites creativity and vision—don’t miss out on the chance to make it your own!

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -49.4% below area average per sq ft

-49.4%
Potential saving
This Property
£107/sq ft
Area Average
£212/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£12,000 - £30,000
10-25% of property value
Target Value
£260,938
10% above area average per sq ft
Potential ROI
+74.0%
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

Dixon Street, Lincoln LN5
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