Worst House on the Street Logo
Knight Terrace, Lincoln, Lincolnshire, LN5 - Image 1
Knight Terrace, Lincoln, Lincolnshire, LN5 - Image 2
Knight Terrace, Lincoln, Lincolnshire, LN5 - Image 3

Knight Terrace, Lincoln, Lincolnshire, LN5

East Midlands

£60,000Guide Price

Listed on 01/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
699 sqft

Description

This two-bedroom terraced house on Knight Terrace presents a compelling renovation project for buyers seeking to make their mark. The ground floor comprises two spacious reception rooms, a kitchen area, and a conveniently located downstairs bathroom. Upstairs, you will find two well-proportioned bedrooms, offering ample space for personalization. Located in a desirable area of Lincoln, this property is within easy reach of various amenities, including shops, schools, restaurants, and leisure facilities. The city center is also accessible, providing convenient transport links and access to the historic quarter. With refurbishment required throughout, this home offers an excellent opportunity to add value and create a modern living space in a well-connected location. Offered at auction, this property is ideal for those looking to invest in a project with substantial potential.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

66out of 100
Grade CPotential opportunity

Confidence: MEDIUM

Knight Terrace presents a promising opportunity for those looking to take on a renovation project in a sought-after area of Lincoln. With an asking price of £60,000, this property is well below the local average at £86/sqf compared to £221/sqf, making it an attractive option for buyers eager to create value. The house boasts two spacious reception rooms, a kitchen, and two well-proportioned bedrooms, all of which provide a solid foundation for a modern transformation.

While the property shows signs of general wear and outdated features, including dated decor and old fixtures, this also means there is plenty of scope to put your own stamp on the home. The garden is overgrown and in need of landscaping, offering potential for outdoor improvements. Overall, with renovation costs estimated between £60,000 and £120,000, this property presents a light refurbishment project, ideal for buyers looking to enhance its appeal and capitalize on its good location with potential for growth.

Key opportunities

  • Significantly below local average price per square foot, providing an affordable entry point.
  • Scope for extensive renovation and modernisation throughout the property.
  • Potential to enhance the garden space for outdoor enjoyment and curb appeal.

Key risks

None recorded.

Unlock the full analysis

Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.

Sign up free

Already have an account? Sign in

Interested in similar properties?

Create an alert and we'll notify you when similar renovation opportunities are listed.

Sign in to create alert

Map

Location

Knight Terrace, Lincoln, Lincolnshire, LN5
Loading map...

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£227
Based on a loan of £45,000 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Services

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

Nearby

Similar properties

Other listings you may want to compare.