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Vernon Street, Lincoln

East Midlands

£130,000

Listed on 20/07/2026

Property details

Bedrooms
3
Type
Terraced

Description

Located on Vernon Street, this three-bedroom terrace property presents an exciting opportunity for those looking to invest or create their ideal home. The property requires comprehensive updating throughout, making it a suitable project for first-time buyers eager to personalize a space or investors aiming to enhance value. The layout includes an entrance hall leading into a bay-fronted lounge and a separate dining room, alongside a kitchen and ground floor bathroom. Upstairs, you'll find three versatile bedrooms that can accommodate various living arrangements. Externally, there is an enclosed rear yard complemented by a shared passageway for access. With no onward chain, this property offers straightforward acquisition with ample potential for transformation and improvement.

Investment analysis

(LN5 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
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

Vernon Street, Lincoln
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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
£491
Based on a loan of £97,500 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

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