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Eastbourne Street, Lincoln

East Midlands

£85,000
Listed on 22/12/2025

Property Details

Bedrooms
1
Type
Flat
Area
495 sqft

Description

This one-bedroom ground floor flat presents a promising refurbishment opportunity, ideal for first-time buyers or keen investors looking to add value. Located on Eastbourne Street, it features an entrance hall leading to a spacious lounge and a separate kitchen, alongside a good-sized bedroom and a shower room that requires updating. The property is sold with no onward chain, making it an attractive option for those seeking a project. Outside, there is access to a shared communal garden and a garage, with on-street parking available nearby. The flat's location offers convenient access to Lincoln city centre and numerous local amenities such as shops, schools, and public transport links. With the right vision and investment in renovations, this property has the potential to become a comfortable home or rental unit.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -30.5% below area average per sq ft

-30.5%
Potential saving
This Property
£172/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£134,464
10% above area average per sq ft
Potential ROI
+28.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Eastbourne 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
£311
Based on a loan of £63,750 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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