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Lincoln, Lincolnshire, LN5 - Image 1
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Lincoln, Lincolnshire, LN5

East Midlands

£190,000

Listed on 03/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
1312 sqft

Features

  • Garden
  • Parking

Description

Kinetic Estate Agents presents a vacant, freehold three-bedroom terraced house in Lincoln, offered with no onward chain. The property has two reception rooms, a separate kitchen, a ground-floor bathroom and a rear garden. The vendor advises that it has gas central heating, double glazing and a new roof. The house is described as needing modernisation, with the existing room layout and accommodation providing scope for updating. It has previously achieved a stated rent of £750 per month, although this is not a guarantee of future income. The two reception rooms are each around 4 metres by 4 metres. The kitchen measures approximately 4.4 metres by 1.9 metres, with an additional rear section providing practical space. Upstairs are three bedrooms, including a principal room of approximately 3.8 metres by 4.4 metres. The rear garden is described as particularly good-sized for a terraced property. On-street parking is available, and the vendor states that the property is freehold and vacant. The house is in a convenient Lincoln location, with access to the city centre, shops, leisure facilities and transport connections. The vendor gives an approximate build date of 1920 and describes the property as Victorian. The loft is not boarded and has no fitted ladder. An EPC is not currently stated, and the vendor has requested that one be arranged.

WHOTS analysis

Our WHOTS verdict

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

76out of 100
Grade BGood opportunity

Confidence: MEDIUM

At £190,000, this three-bedroom terrace is priced at about £145 per sq ft, 34% below the local average—a strong entry point for a buyer looking to acquire and add value. The two reception rooms, generous room sizes and substantial rear garden give the project a solid foundation, while the vendor says the roof is new (not independently verified in the photos) and the property is offered with no onward chain.

The work is a medium-scale modernisation: dated finishes and worn flooring across several rooms, an older kitchen and bathroom, and an overgrown garden all offer scope to put your own stamp on the house. Overall, the price and improvement potential support a good opportunity, with the garden a particular draw for a terraced property.

Key opportunities

  • Modernise the dated kitchen and bathroom and refresh finishes and flooring across several rooms.
  • Clear and improve the substantial rear garden, which is a notable feature for a terraced home.
  • Acquire at a asking price well below the local average per square foot, with two reception rooms and generous room sizes as a strong starting point.

Key risks

None recorded.

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Map

Location

Lincoln, Lincolnshire, LN5
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Transport

Nearest stations

  • Lincoln Central Rail Station

    0.9 miles

    Train · Lincoln

  • Hykeham Rail Station

    2.5 miles

    Train · North Hykeham

  • Saxilby Rail Station

    6.0 miles

    Train · Saxilby

  • Swinderby Rail Station

    7.1 miles

    Train · Swinderby

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£776
Based on a loan of £142,500 over 30 years at 5.13% 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.

Pricing

Price history

-5.0% since listed
£190,000£10,000(-5.0%)
17/09/2026
Current price
£200,000Initial listing
03/09/2026

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