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Ashlin Grove, Lincoln LN1 - Image 1
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Ashlin Grove, Lincoln LN1

East Midlands

£395,000
Listed on 12/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1851 sqft

Description

This substantial end-of-terrace Victorian residence features five bedrooms and is ideally positioned in the desirable West End of Lincoln. The property showcases a classic layout across three storeys, beginning with an entrance hall that leads to the ground floor living spaces, including a living room, lounge, kitchen, and a convenient laundry/shower room. The first floor hosts three bedrooms and a family bathroom, while the second floor is home to two additional bedrooms. Set within a tree-lined neighborhood, this property offers a unique opportunity for renovation and investment. Many original architectural details — such as quarry tiled flooring, ornate ceiling roses, and cornicing — are still present, allowing for a restoration that maintains its historic charm. Additionally, there is significant potential to reconfigure the existing layout or even extend the property (subject to planning permission), making it suitable for various living arrangements. The property has previously held an HMO License, suggesting favorable conditions for those interested in rental opportunities. Notably, it has achieved income figures up to £33,675 annually based on full occupancy. Located near Lincoln’s West Common and within walking distance of the city center, this residence benefits from its proximity to key amenities including shops, schools, and public transport links. The surrounding area boasts rich historical significance with notable landmarks like Lincoln Castle and Lincoln Cathedral nearby. With two reputable universities also in close range, this location appeals to both families and potential student renters. Externally, the property provides off-road parking through gated access from the driveway. A walled rear garden features a spacious patio area accessible from the main hallway—ideal for outdoor gatherings—and includes a garden storeroom along with a primarily lawned space. This home presents an excellent canvas for both personal customization and potential profit as an investment opportunity in one of Lincoln's most sought-after neighborhoods.

Investment Analysis

(LN1 area)

Below Market Value

This property is priced -8.1% below area average per sq ft

-8.1%
Potential saving
This Property
£213/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£255
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£39,500 - £98,750
10-25% of property value
Target Value
£472,884
10% above area average per sq ft
Potential ROI
-4.2%
After renovation
Monthly Sales
25
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (LN1)

Area prices are rising by +6.1% over the last 12 months
3 year growth: -7.7%
5 year growth: 11.1%
Investment Disclaimer: Analysis based on LN1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ashlin Grove, Lincoln LN1
Map showing location of Ashlin Grove, Lincoln LN1
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