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Monks Road, Lincoln - Image 1
Monks Road, Lincoln - Image 2

Monks Road, Lincoln

East Midlands

£225,000

Listed on 03/07/2026

Property details

Bedrooms
5
Type
Terraced

Description

This expansive three-storey, five-bedroom period terrace on the sought-after Monks Road offers a unique opportunity for renovation enthusiasts or investors. Located just a short walk from Lincoln city centre and essential amenities, the property provides substantial living space across its three floors, making it ideal for family living or as a potential rental investment. While the home retains appealing original features, it requires an extensive refurbishment to bring it up to modern standards. Buyers will have the chance to design and implement their own vision throughout. The layout includes a welcoming entrance hall, a spacious bay-fronted living room, an additional reception room that could serve as a ground floor bedroom, and a practical kitchen. The first floor comprises three generous bedrooms alongside a family bathroom, while the second floor features another bedroom with an adjoining kitchen area and boiler room. Outside, there is a walled front garden and an enclosed rear yard with shared driveway access leading to private parking. This property's size and location present a rare chance for those looking to invest in a significant renovation project or create the perfect family home.

Investment analysis

(LN2 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -1.0%
5 year growth: +0.9%
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

Monks Road, Lincoln
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Mortgage calculator

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£850
Based on a loan of £168,750 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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