Worst House on the Street Logo
Monks Road, LINCOLN - Image 1

Monks Road, LINCOLN

East Midlands

£450,000

Listed on 03/07/2026

Property details

Bedrooms
10
Type
Terraced

Description

This is a rare chance to acquire two substantial adjoining bay-fronted period terrace properties, offering approximately 4,300 sq ft of versatile accommodation over three floors. Comprising a total of 11 bedrooms along with multiple reception rooms, kitchens, and bathrooms, the space presents an exceptional opportunity for refurbishment or redevelopment. Both properties are in need of extensive remedial work and modernization, allowing for creative reconfiguration or repurposing to meet various potential uses, subject to necessary planning permissions. A notable aspect of this combined offering is the private parking area accessible via a shared driveway at the rear, which adds valuable off-road parking - an advantageous feature for future residential projects. The properties lend themselves well to potential conversion into self-contained apartments or redevelopment into high-quality residential accommodation. These opportunities are particularly scarce near Lincoln city centre, making this an attractive proposition for investors and developers looking for significant asset management potential.

Investment analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 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

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Similar properties