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Newport, Lincoln, LN1

East Midlands

£240,000
Listed on 15/01/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
1601 sqft

Description

This three-bedroom terraced house located in the historically rich city of Lincoln presents a significant opportunity for renovation, ideal for investors or families looking to create a customized living space. The property features two reception rooms on the ground floor, with the main room showcasing a bay window that allows ample natural light and a charming fireplace as its centerpiece. A downstairs bathroom complements the layout, while the kitchen offers potential for modern updates. The rear garden provides an outdoor area that can be transformed into a family-friendly space or utilized as part of an investment plan. Notably, this home includes parking, which is a valuable asset in this urban setting. There are also two loft rooms that could serve as additional storage or be developed further with the necessary permissions. Upstairs, you will find a master bedroom along with two other double bedrooms, alongside separate toilet and shower facilities, marking this property as functional yet ripe for enhancement. With an EPC rating of D and falling under Council Tax Band D, there is scope for energy efficiency improvements and other value-adding renovations. The location boasts easy access to local amenities within Lincoln’s historic quarter, including cafes and cultural hotspots. Families will appreciate the proximity to reputable primary and secondary schools, while public transport links via Lincoln railway station provide convenient connectivity to larger cities like Nottingham and London. This property awaits your vision to unlock its full potential.

Investment Analysis

(LN1 area)

Below Market Value

This property is priced -36.0% below area average per sq ft

-36.0%
Potential saving
This Property
£150/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£182
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£412,274
10% above area average per sq ft
Potential ROI
+47.2%
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
21%
Properties sold annually

Local Market Trend (LN1)

Area prices are rising by +5.2% over the last 12 months
3 year growth: -8.2%
5 year growth: 5.2%
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

Newport, Lincoln, LN1
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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
£879
Based on a loan of £180,000 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