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St. Andrews Street, Lincoln

East Midlands

£80,000
Listed on 04/09/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
836 sqft

Description

This three-bedroom end terrace property presents a valuable opportunity for renovation and investment, positioned conveniently near the heart of Lincoln City Centre. The home requires comprehensive modernization, making it an ideal canvas for those looking to create their dream space or capitalize on the rental market. The property spans two floors and features a layout that includes a lounge, kitchen/diner, utility area, ground floor bathroom, and three bedrooms on the upper level. The lounge is accessible via a shared passageway and includes a front-facing window that invites natural light into the space. Below the stairs, there is additional storage, which can be beneficial for organizing living areas. In the kitchen/diner, you’ll find basic cabinetry along with a sink and drainer. A rear-facing window provides views of the outside while connecting to a utility area that offers potential for further enhancements. The ground-floor bathroom consists of essential fixtures including a bathtub, wash basin, and WC, complemented by convenient cupboard storage. Upstairs, the landing leads to all three bedrooms. Bedroom 1 overlooks the garden and has ample room for personalization. Bedrooms 2 and 3 feature front-facing windows and have adequate space to accommodate various configurations either as comfortable sleeping areas or versatile office spaces. Outside, the property includes a rear garden accessible through both the utility area and from the shared passageway at the front. This outdoor space can be transformed to suit your vision – whether that's creating a serene garden sanctuary or an entertaining area. Situated in Lincoln—a historic city known for its vibrant culture—this property benefits from being close to not only shopping amenities but also educational institutions such as Bishop Grosseteste University. With attractions like the iconic Castle and Cathedral nearby, this location offers both lifestyle advantages and solid investment potential in an evolving market. This property is an excellent prospect for those seeking to invest in an area with significant growth opportunities while putting their mark on a home through thoughtful renovation.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -54.8% below area average per sq ft

-54.8%
Potential saving
This Property
£96/sq ft
Area Average
£212/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.6%

Renovation Potential

Est. Renovation Cost
£8,000 - £20,000
10-25% of property value
Target Value
£194,771
10% above area average per sq ft
Potential ROI
+94.8%
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

St. Andrews Street, Lincoln
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