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Montague Terrace, Lincoln, Lincolnshire, LN2 - Image 1
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Montague Terrace, Lincoln, Lincolnshire, LN2

East Midlands

£85,000

Listed on 25/06/2026

Property details

Bedrooms
3
Type
End Of Terrace
Area
914 sqft

Description

This three-bedroom terrace property is ideally located near Lincoln city centre and presents a valuable opportunity for those looking to invest or create a personalized home. The property requires comprehensive modernization, offering an excellent foundation for transformation into a modern residence with potential for significant rental yields in Lincoln’s thriving market. Investors and first-time buyers alike will find this house appealing, as it lends itself well to customization and refurbishment tailored to contemporary living standards. The enclosed courtyard at the rear adds privacy and makes it suitable for various uses, including garden or storage enhancements. Given the area's growing student and professional demographic, this property could serve as a strong rental investment once updated. Viewing is recommended to fully appreciate the possibilities.

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Investment analysis

(LN2 area)

Below Market Value

This property is priced -63.3% below area average per sq ft

-63.3%
Potential saving
This Property
£93/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£254,969
10% above area average per sq ft
Potential ROI
+96.1%
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

Montague Terrace, Lincoln, Lincolnshire, LN2
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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
£321
Based on a loan of £63,750 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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