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Shakespeare Street, Lincoln, LN5

East Midlands

£95,000
Listed on 15/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This two-bedroom end-of-terrace house, located in the heart of the city center, presents a significant opportunity for renovation and investment. The property is currently in need of modernization, making it an ideal canvas for those looking to create a home that reflects their personal style and preferences. Inside, the layout features a lounge and dining room, both equipped with gas fireplaces that could be revitalized into inviting spaces. The kitchen, though functional, offers potential for an upgrade or reconfiguration to enhance its efficiency and aesthetics. A modest bathroom is also present, with basic fixtures that may benefit from a contemporary makeover. The two double bedrooms provide ample space for accommodating family members or guests. Each room has windows that invite natural light while also offering views of the surrounding neighborhood. Storage solutions are available throughout the home, including cupboards in both bedrooms. Outside, the property boasts a low-maintenance rear garden with a patio area—perfect for outdoor relaxation or entertaining. The side gate grants access for bins and provides additional convenience. Situated in an accessible location within the city center, this house offers proximity to local amenities such as shops, restaurants, and public transport links. Its position makes it an appealing option for renters or future buyers once renovations are completed. With a freehold tenure and no onward chain in place, this property stands out as an attractive prospect for those looking to invest in a project with great potential in a desirable urban setting.

Investment Analysis

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

Renovation Potential

Medium 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

Shakespeare Street, Lincoln, LN5
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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
£348
Based on a loan of £71,250 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