Worst House on the Street Logo
Monks Road, Lincoln - Image 1
Monks Road, Lincoln - Image 2

Monks Road, Lincoln

East Midlands

£220,000

Listed on 03/07/2026

Property details

Bedrooms
5
Type
Detached

Description

This expansive three-storey period terrace features six bedrooms and is located on the desirable Monks Road, just a short distance from Lincoln city centre, local shops, schools, and transport links. The property presents a significant opportunity for those looking to embark on an extensive refurbishment project. In need of a full range of remedial works and modern updates throughout, this home has the potential to be transformed into a spacious family dwelling or a lucrative investment property, subject to relevant permissions. The layout includes an entrance hall, two reception rooms or bedrooms, a kitchen, shower room, and separate WC on the ground floor. The first floor accommodates three additional bedrooms and a family bathroom, with the second floor hosting another bedroom, kitchen/dining area, and boiler room. Externally, there is a walled front garden along with an enclosed rear yard that provides access to a shared driveway leading to private parking. Given its size and location, properties like this seldom come onto the market in need of comprehensive renovation — making it an excellent prospect for builders or anyone seeking an investment opportunity with substantial development 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
£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
Loading map...

Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£831
Based on a loan of £165,000 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

Price History

-2.2% since listed
£220,000£5,000(-2.2%)
16/07/2026
Current price
£225,000Initial listing
14/07/2026

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.

Allcott Associates