Cromwell Street, Lincoln, LN2
East Midlands
£130,000
Listed on 24/10/2026
Listed on 24/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
939 sqftFeatures
- Garden
Description
This freehold three-bedroom mid-terraced house is offered with no onward chain in a central position just off Monks Road. Arranged over three floors, the ground floor has a front lounge with a bay window, a second reception room with storage, and a kitchen. A shower room is also located on this level.
On the first floor are two double bedrooms, with the third double bedroom on the second floor alongside a separate bathroom. The rear garden is enclosed and includes gravel and patio areas. The layout and existing accommodation provide a basis for a buyer to consider updates to suit their requirements.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
78out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £130,000, this three-bedroom terrace is priced at £138/sq ft against a local average of £252/sq ft, making the asking price a strong acquisition opportunity. It has a useful three-floor layout, two reception rooms, three stated double bedrooms and an enclosed rear garden, with the photographed rooms generally usable.
The work looks light: refresh the dated kitchen and finishes, repair and redecorate the locally damaged or marked walls, and tidy the garden and unfinished bath-side detail. The indicated renovation range is £4,500–£10,000, leaving scope to improve the presentation without taking on a full refurbishment.
Key opportunities
- Acquire at £138/sq ft, well below the local average of £252/sq ft.
- Refresh the dated kitchen and interior finishes, with targeted wall repairs and redecoration.
- Improve the enclosed rear garden by tidying the gravel, bare ground and worn paving.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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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.
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