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Knight Street, Lincoln, LN5

East Midlands

£100,000
Listed on 01/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
696 sqft

Description

This mid-terrace house, nestled just off Lincoln's bustling High Street, presents a solid opportunity for renovation and investment. Comprising an entrance hall, living room, kitchen/diner, two double bedrooms, and a first-floor four-piece bathroom, the property is well-kept yet invites modernisation to enhance its appeal. A notable feature is the generous rear garden, mostly laid to lawn, providing outdoor space for potential landscaping or extensions. While the interior has been recently decorated and benefits from uPVC double glazing and functional kitchen and bathroom facilities, the absence of central heating—relying instead on electric storage heaters—presents a key area for improvement. This makes the property a prime candidate for buyers keen to undertake manageable enhancements that could significantly increase its market value. With no onward chain and located within walking distance of Lincoln city centre's diverse amenities including shops, services, schools, and leisure options like Lincoln Cathedral nearby, this property not only serves as a comfortable home but also stands as an excellent investment opportunity.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -34.4% below area average per sq ft

-34.4%
Potential saving
This Property
£144/sq ft
Area Average
£219/sq ft
Avg Rent (weekly)
£199
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£5,000 - £12,000
Target Value
£167,628
10% above area average per sq ft
Potential ROI
+49.7%
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
11%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +9.0% over the last 12 months
3 year growth: +4.5%
5 year growth: +2.3%
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

Knight Street, Lincoln, LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£354
Based on a loan of £75,000 over 30 years at 3.91% 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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