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Peel Street, Lincoln, Lincolnshire, LN5 - Image 1
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Peel Street, Lincoln, Lincolnshire, LN5

East Midlands

£110,000

Listed on 10/10/2025

Property Details

Bedrooms
2
Type
Terraced
Area
680 sqft

Description

This two-bedroom mid-terraced house is located in the heart of Lincoln, Lincolnshire, presenting a compelling opportunity for renovation and investment. The property features a shared entrance leading to its own space that includes two reception rooms and a galley kitchen on the ground floor, while the first floor accommodates two bedrooms and a family bathroom. Outside, you'll find a rear garden complemented by an outbuilding and a shed. Currently tenanted with an annual income of £11,400 (£950 per month), this residence is ideal for those looking to enhance their property portfolio or create a tailored living environment. While the home requires updates throughout, such renovations could significantly increase its value or rental yield. Positioned conveniently near Lincoln's vibrant city centre, residents can enjoy easy access to various amenities including shops, cafes, restaurants, and leisure facilities. Iconic local sites such as the Cathedral Quarter and Brayford Waterfront are just a short walk away. With excellent transport links including nearby railway services to major cities like Newark and London, plus accessible road networks (A46, A15, A57), this location is both practical and appealing. In summary, this property provides not only comfortable accommodation but also substantial potential for enhancement in a desirable area.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -26.6% below area average per sq ft

-26.6%
Potential saving
This Property
£162/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£164,822
10% above area average per sq ft
Potential ROI
+22.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +1.7%
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

Peel Street, Lincoln, Lincolnshire, LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£416
Based on a loan of £82,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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