Worst House on the Street Logo
Hope Street, Lincoln LN5 - Image 1
Hope Street, Lincoln LN5 - Image 2
Hope Street, Lincoln LN5 - Image 3

Hope Street, Lincoln LN5

East Midlands

£120,000
Listed on 20/12/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
748 sqft

Description

This three-bedroom terraced house, located in the sought-after Sincil Bank area just south of Lincoln's historic Cathedral, presents a valuable opportunity for those looking to invest in a property with strong renovation potential. The internal layout includes a lounge, dining room, and fitted kitchen, along with convenient first-floor bedrooms and a bathroom. While the property requires some modernisation to reach its full potential, it offers a spacious enclosed rear yard and access to residents permit parking. The prime location ensures easy access to local amenities and attractions, making this an appealing option for both homeowners and investors alike. With some thoughtful upgrades, this home can be transformed into a comfortable living space or an attractive rental unit.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£160/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£175,133
10% above area average per sq ft
Potential ROI
+20.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on LN5 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

Hope Street, Lincoln LN5
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE