Coleridge Gardens, Lincoln, LN2
East Midlands
£120,000
Listed on 22/10/2026
Listed on 22/10/2026
The listing
Property details
Bedrooms
2Type
TerracedArea
790 sqftFeatures
- Garden
- Parking
Description
This two-bedroom mid-terraced house is on the northern outskirts of Lincoln, within reach of local shops, supermarkets, schools and bus services, with the city centre also accessible. The accommodation comprises an entrance hall, living room, kitchen, two bedrooms, a bathroom and a separate WC. The listing states that the property has uPVC double glazing and gas central heating, and requires modernisation. It also notes that the rear garden needs clearing and offers scope for improvement. Off-road parking is available at the front, and the property is offered with no onward chain. Purplebricks, covering Lincoln, is handling enquiries.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
74out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £120,000, this two-bedroom terrace is priced at £152 per sq ft, around 40% below the local average—a strong entry point for someone looking to acquire and improve a home. The dated finishes give you scope to refresh the living spaces and flooring, while the overgrown rear garden offers a clear outdoor improvement project. Gas central heating, double glazing and off-road parking are useful starting points, and the visible exterior appears broadly intact.
The indicated renovation range is £7,000–£16,000, with a midpoint of £11,500. The score is supported by the low asking price and strong headline economics, while location and fundamentals are more average; the implied local-average value comparison is not a renovated GDV or a guarantee of resale value.
Key opportunities
- Acquire at a notably low £/sq ft versus the local average, leaving room to improve the home over time.
- Refresh the dated decorative finishes and flooring, including the visibly marked bedroom carpets.
- Clear and reshape the overgrown rear garden and tidy the weeded front paved area.
Key risks
None recorded.
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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
£453
Based on a loan of £90,000 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.
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