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Abbot Street, Lincoln, Lincolnshire, LN5

East Midlands

£121,500Guide Price

Listed on 03/07/2026

Property details

Bedrooms
3
Type
Terraced
Area
852 sqft

Description

This spacious three-bedroom Victorian terrace, located conveniently close to the heart of Lincoln city centre, presents a compelling opportunity for investors and buyers interested in renovation projects. Offered via the Modern Method of Auction, this property boasts a layout comprising two versatile reception rooms, a fitted kitchen, three generously sized bedrooms, and a family bathroom. The enclosed rear courtyard garden enhances its appeal, alongside permit parking available at the front. While the property does require some cosmetic updates, it allows for personalisation and modernisation to suit your tastes or enhance its rental potential. With an estimated rental income of around £1,000 per month post-renovation, it stands as a promising buy-to-let investment within a vibrant rental market. Its proximity to local amenities and transport links further elevates its attractiveness as an investment opportunity.

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Investment analysis

(LN5 area)

Below Market Value

This property is priced -35.4% below area average per sq ft

-35.4%
Potential saving
This Property
£143/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£206,934
10% above area average per sq ft
Potential ROI
+46.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN5)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +0.4%
5 year growth: -3.2%
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

Abbot Street, Lincoln, Lincolnshire, 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
£459
Based on a loan of £91,125 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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