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Vernon Street, Lincoln, LN5 - Image 1

Vernon Street, Lincoln, LN5

East Midlands

£75,000

Listed on 16/06/2026

Property Details

Bedrooms
3
Type
End Of Terrace

Description

This three-bedroom terraced house in Lincoln presents a noteworthy opportunity for those looking to invest in a renovation project. The property is structured with two reception rooms on the ground floor, one of which boasts large windows that invite ample natural light, while the other seamlessly connects to the kitchen, facilitating practical day-to-day living or creative reconfiguration. From the kitchen, you can also access the rear garden, enhancing convenience for potential outdoor improvements. The upstairs layout features a master double bedroom equipped with built-in wardrobes along with another spacious double bedroom. An additional loft bedroom provides extra versatility for sleeping or storage needs. A bathroom completes the accommodation. With an EPC rating of D and classified under Council Tax Band A, this house is well-positioned for enhancements that could significantly increase its value. Located in a vibrant urban area of Lincoln, residents will benefit from excellent public transport links including Lincoln railway station, which offers services to Newark, Sheffield, and London King’s Cross—typically within two hours via Newark. Local amenities such as shops, cafés, and restaurants are conveniently accessible by foot or a short drive, while nearby green spaces and historical landmarks like Lincoln Cathedral and Castle add to the locale's charm. This property stands out as an attractive prospect for investors eager to renovate and realize substantial value appreciation in a well-connected city environment.

Investment Analysis

(LN5 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +1.7%
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

Vernon Street, Lincoln, LN5
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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
£283
Based on a loan of £56,250 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.

Stamp Duty Calculator

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