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Coleby Street, Lincoln LN2

East Midlands

£120,000
Listed on 17/03/2026

Property Details

Bedrooms
2
Type
Terraced
Area
802 sqft

Description

This two-bedroom mid-terraced property, located just off the sought-after Monks Road in Lincoln, presents an exceptional opportunity for those looking to invest in a project with significant upside potential. The home is currently in need of updating throughout, allowing for a blank canvas to tailor it according to personal preferences or market demands. The layout includes an entrance hallway leading to the lounge and dining room, alongside a compact kitchen that connects to a conservatory/lean-to, which offers versatility and additional space that could be reimagined. On the first floor, there are two double bedrooms and a family bathroom that also require modernisation. Externally, there’s a manageable rear yard ideal for outdoor improvement projects. With no onward chain, this property stands ready for transformation and value addition in a vibrant community rich with amenities such as shops, cafes and cultural sites.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -40.4% below area average per sq ft

-40.4%
Potential saving
This Property
£150/sq ft
Area Average
£251/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£221,520
10% above area average per sq ft
Potential ROI
+42.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by -3.4% over the last 12 months
3 year growth: -5.7%
5 year growth: +2.8%
Investment Disclaimer: Analysis based on LN2 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

Coleby Street, Lincoln LN2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£433
Based on a loan of £90,000 over 30 years at 4.06% 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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