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Monks Road, Lincoln, LN2 - Image 1
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Monks Road, Lincoln, LN2

East Midlands

£139,950

Listed on 17/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terraced house offers an exciting opportunity for buyers looking to invest in a property with significant potential. Spread over three floors, the layout is versatile and well-suited for modern living. The first floor features a welcoming bay-fronted living room, a separate dining room, and a spacious kitchen that presents ample scope for improvement and modernization. On the second floor, you will find three bedrooms and two bathrooms, including a notably spacious principal bedroom. This arrangement is ideal for families, professionals, or anyone needing extra space for guests or home offices. A standout feature of this property is the two-room basement, which provides additional accommodation and flexibility for various uses, subject to necessary permissions. Investors and homeowners alike will appreciate the potential to enhance the property’s value through modernization. The generous accommodation and adaptable layout, combined with the basement space, create a solid foundation for personal touches or investment opportunities. The fully enclosed rear yard adds to the appeal, offering a private outdoor space that could be transformed into an attractive garden or entertaining area. Overall, this property represents a fantastic chance to create a spacious and individual home or a lucrative investment. Early viewing is highly recommended to appreciate the size, layout, and possibilities available.

WHOTS analysis

Our WHOTS verdict

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

52out of 100
Grade DWeak opportunity

Confidence: LOW

This spacious three-bedroom terraced house presents a promising renovation project for buyers looking to make their mark. While the interior shows signs of wear and is in need of modernisation, the property boasts a flexible layout across three floors, including a generous basement that adds considerable value. The dated living areas, kitchen, and bathrooms offer a blank canvas for those wanting to create a contemporary family home or investment opportunity.

With an asking price of £139,950, this property is notably below the local average sale price of £285,195, making it an attractive option for buyers looking to acquire a project at a competitive rate. The renovation range of £40,000 to £80,000 indicates a light to typical project scale, allowing for significant improvements while still keeping within a reasonable budget. Overall, 319 Monks Road stands out as a property with considerable potential, ideal for those ready to embrace a refurbishment journey.

Key opportunities

  • Generous basement space that adds flexibility and potential for additional accommodation.
  • Dated interiors provide a blank canvas for modernisation and personalisation.
  • Versatile three-storey layout suitable for families or as an investment property.

Key risks

  • Possible structural concerns in the basement may require attention.
  • The overall condition of the property necessitates a refurbishment budget.

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Map

Location

Monks Road, Lincoln, LN2
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Finance

Mortgage calculator

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

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£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £104,962 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

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