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Hope Street, Lincoln

East Midlands

£120,000
Listed on 22/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
748 sqft

Description

Located in the accessible Sincil Bank area, this three-bedroom terraced house presents a promising opportunity for renovation and investment. The property features a traditional layout that includes a lounge, dining room, fitted kitchen, rear lobby, bathroom, and a first-floor landing leading to three bedrooms. While the accommodation is functional, it is in need of modernisation to unlock its full potential. An enclosed rear yard offers additional outdoor space. Residents also benefit from permit parking. With no chain involved, this property invites those looking to transform and add value in a vibrant part of Lincoln, close to the city's historic sites and amenities.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£160/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£175,133
10% above area average per sq ft
Potential ROI
+20.8%
After renovation
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

Hope Street, Lincoln
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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
£440
Based on a loan of £90,000 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