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Cheviot Street, Lincoln, Lincolnshire, LN2 - Image 1
Cheviot Street, Lincoln, Lincolnshire, LN2 - Image 2
Cheviot Street, Lincoln, Lincolnshire, LN2 - Image 3

Cheviot Street, Lincoln, Lincolnshire, LN2

East Midlands

£160,000Guide Price

Listed on 28/10/2026

The listing

Property details

Bedrooms
3
Type
Terraced
Area
1409 sqft

Description

Offered at auction by the Modern Method, this three-storey terraced property in Lincoln has a flexible layout and is described as requiring modernisation and refurbishment. The ground floor includes an entrance hall, lounge, dining room, kitchen, utility room and WC. On the first floor are three bedrooms, an en-suite shower room and a further shower room, while the top floor has a craft room that could serve a range of uses, subject to any necessary consents. A shed and additional storage are also noted outside. The sale is subject to a Grant of Representation, which has been applied for but not yet granted. Buyers should review the auction terms, including the reservation period, information-pack charge and reservation fee, and check the legal pack and finance arrangements before bidding.

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 £160,000, this three-storey Lincoln terrace is priced at about £114 per sq ft, well below the local average of £252 per sq ft—a strong entry point for a buyer seeking a value-add project. The generous, flexible layout and ancillary spaces provide a useful canvas, while dated finishes across the photographed interiors and an overgrown rear garden offer scope for a medium-scale modernisation and improvement programme.

The ceiling panels that are missing or displaced need investigation and making good, and the roof can’t be fully assessed from the ground-level views. The sale is by Modern Method of Auction, so bidding may take the hammer above the guide and the eventual price may not stay this cheap; the reservation terms and probate status also warrant careful review.

Key opportunities

  • The asking price is substantially below the local average per square foot, creating an attractive acquisition point.
  • The three-storey layout and additional ancillary spaces offer flexibility to improve and tailor the accommodation.
  • Dated finishes across the photographed interiors and the overgrown rear garden provide clear scope for a coordinated modernisation and outdoor improvement.

Key risks

  • Missing or displaced suspended-ceiling panels need investigation to establish the cause and required making-good.
  • The tiled roof appears broadly intact in ground-level views but cannot be fully assessed.

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Map

Location

Cheviot Street, Lincoln, Lincolnshire, LN2
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Transport

Nearest stations

  • Lincoln Central Rail Station

    0.5 miles

    Train · Lincoln

  • Hykeham Rail Station

    3.8 miles

    Train · North Hykeham

  • Saxilby Rail Station

    6.1 miles

    Train · Saxilby

  • Swinderby Rail Station

    8.3 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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£604
Based on a loan of £120,000 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

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