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Coleby Street, Monks Road

East Midlands

£80,000

Listed on 01/06/2026

Property Details

Bedrooms
3
Type
Terraced
Area
786 sqft

Description

This three-bedroom terraced home, located in the sought-after Monks Road area of Lincoln, presents a prime opportunity for renovation enthusiasts and investors alike. The layout includes an entrance hallway leading to a dining room and a living room, alongside a functional kitchen and a downstairs bathroom equipped with a shower over the bath. The first floor boasts three well-sized bedrooms, providing ample space for family living or rental potential. The property is further enhanced by a rear courtyard that offers outbuildings, making it suitable for additional storage or possible conversion into usable outdoor space. On-street parking adds convenience to this residence. Although the house requires significant refurbishment, this creates a blank canvas for those looking to customize their own home or to reconfigure for rental purposes. Given its location and potential, this property could yield substantial returns following renovations.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -59.9% below area average per sq ft

-59.9%
Potential saving
This Property
£102/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£219,263
10% above area average per sq ft
Potential ROI
+82.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -1.5%
5 year growth: +2.6%
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, Monks Road
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£302
Based on a loan of £60,000 over 30 years at 4.45% 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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