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Coleby Street, Lincoln

East Midlands

£120,000
Listed on 01/03/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
802 sqft

Description

This mid-terraced two-bedroom property is nestled in the sought-after area of Monks Road in Lincoln. Currently requiring significant modernisation, it presents a prime opportunity for those looking to invest in a project that promises to add substantial value. With no onward chain, the property features an entrance hallway leading to a spacious lounge and dining room, both of which could benefit from cosmetic enhancements. The compact kitchen is equipped with essential fixtures but would thrive with a contemporary overhaul. A conservatory/lean-to offers additional versatile space, though it too requires refinement. Upstairs, two well-proportioned double bedrooms await updating alongside a family bathroom featuring basic amenities. Outside, there is a low-maintenance rear yard and practical storage provided by brick-built outhouses. This property holds excellent potential for transformation into a desirable home or rental investment within a vibrant community rich in history and amenities.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -40.4% below area average per sq ft

-40.4%
Potential saving
This Property
£150/sq ft
Area Average
£251/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£221,520
10% above area average per sq ft
Potential ROI
+52.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -5.7%
5 year growth: +2.8%
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

Coleby Street, Lincoln
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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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