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Foss Bank, Lincoln, LN1

East Midlands

£120,000
Listed on 01/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
778 sqft

Description

This bay-fronted terraced house features two spacious double bedrooms and overlooks a tranquil canal, providing a charming setting and significant renovation potential. Located conveniently close to Lincoln City Centre and Lincoln University, this property offers an excellent opportunity for investment or refurbishment. The layout spans two floors, including an entrance hall leading to a comfortable lounge with a feature fireplace, a dining room with under-stairs storage, and a kitchen that has ample space for modern upgrades. A ground floor shower room is also present, while the first floor includes two well-sized bedrooms; the main bedroom comes with the added benefit of an en-suite bathroom. The property boasts uPVC double glazing and gas central heating, ensuring warmth and efficiency. Outside, there are block paved courtyards ideal for easy maintenance or further enhancement. With no onward chain, this home is ripe for transformation into a contemporary living space or rental investment.

Investment Analysis

(LN1 area)

Below Market Value

This property is priced -34.0% below area average per sq ft

-34.0%
Potential saving
This Property
£154/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£184
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£200,043
10% above area average per sq ft
Potential ROI
+38.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (LN1)

Area prices are rising by +6.5% over the last 12 months
3 year growth: -7.6%
5 year growth: +5.7%
Investment Disclaimer: Analysis based on LN1 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

Foss Bank, Lincoln, LN1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 over 30 years at 4.06% 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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