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Victoria Terrace, Lincoln LN1

East Midlands

£115,000
Listed on 07/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
670 sqft

Description

This traditional 3-bedroom bay-fronted terraced house offers a fantastic opportunity for investors or those looking to create their ideal home in the heart of Lincoln. Located conveniently close to Lincoln City Centre, the property features a layout that includes a welcoming hall, a lounge with a double-glazed bay window, and a kitchen/diner equipped with essential fitted units and appliances. The rear lobby provides access to a small yard, while the first floor hosts three bedrooms and a bathroom fitted with basic amenities. Notably, this property is being sold with no onward chain and is best suited for cash buyers due to its current condition. With some substantial refurbishments needed, there is great potential to enhance the living space and add value in this thriving area known for its historic charm and vibrant community amenities.

Investment Analysis

(LN1 area)

Below Market Value

This property is priced -27.2% below area average per sq ft

-27.2%
Potential saving
This Property
£172/sq ft
Area Average
£236/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£173,711
10% above area average per sq ft
Potential ROI
+15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN1)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -9.8%
5 year growth: -2.7%
Investment Disclaimer: Analysis based on LN1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Victoria Terrace, Lincoln LN1
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£410
Based on a loan of £86,250 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-14.8% since listed
£115,000£20,000(-14.8%)
06/05/2026
Current price
£135,000Initial listing
17/12/2025

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