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Sherbrooke Street, Lincoln, LN2

East Midlands

£140,000
Listed on 07/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

Situated in a well-established residential neighborhood to the east of Lincoln City Centre, this classic mid-terrace property presents a significant opportunity for those eager to personalize their living space. The layout is traditionally appealing, beginning with an entrance hallway that leads into a spacious front living room enhanced by built-in storage and ample natural light from its large window. Moving through, the separate dining room offers flexibility as an additional reception area, perfect for family gatherings or entertaining guests, with direct access to the kitchen. The kitchen itself is equipped with basic units yet shows considerable potential for modernization. On the first floor, there are three bedrooms: two generous doubles and a single that could serve as an office or dressing area. Access from the main bedroom leads to a bathroom featuring a dated three-piece suite, providing further room for creative upgrades or reconfiguration. Outside, the private rear garden is currently filled with established greenery and offers scope for landscaping to create a lovely outdoor retreat. With on-street parking available at the front and within easy reach of local amenities and transport links, this property offers an excellent investment opportunity for first-time buyers or those looking for a project in a desirable location. Offered with no onward chain, prompt viewing is advisable.

Investment Analysis

(LN2 area)
Area Average
£254/sq ft
Avg Rent (weekly)
£212
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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
12%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by -5.0% over the last 12 months
3 year growth: -3.9%
5 year growth: -0.1%
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

Sherbrooke Street, Lincoln, LN2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£499
Based on a loan of £105,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

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