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Monks Manor Drive, Lincoln, Lincolnshire, LN2 - Image 1
Monks Manor Drive, Lincoln, Lincolnshire, LN2 - Image 2
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Monks Manor Drive, Lincoln, Lincolnshire, LN2 - Image 4
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Monks Manor Drive, Lincoln, Lincolnshire, LN2

East Midlands

£399,950
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1883 sqft

Description

This four-bedroom detached house is situated on a generous corner plot within a private road, close to Lincoln’s Historic Cathedral Quarter and the County Hospital. It offers a unique chance for families or investors looking for a project with considerable potential. The property features spacious living areas and flexible layouts that are well-suited for modernizing, making it an attractive option for those aiming to craft a personalized living space. With a layout conducive to open-plan designs, the ground floor holds large rooms ready for transformation, while the first floor accommodates four sizable bedrooms. The exterior boasts wrap-around gardens that ensure privacy and present opportunities for landscaping or potential extensions (subject to obtaining necessary permissions). A double-width driveway provides parking space and could be enhanced further. This property is sold with no onward chain and invites visionary buyers eager to renovate, redesign, or extend in one of Lincoln’s sought-after locations.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -14.0% below area average per sq ft

-14.0%
Potential saving
This Property
£212/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£511,508
10% above area average per sq ft
Potential ROI
+6.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -4.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LN2 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

Monks Manor Drive, Lincoln, Lincolnshire, LN2
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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
£1,465
Based on a loan of £299,962 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