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Belmont Street, Lincoln LN2 - Image 1
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Belmont Street, Lincoln LN2

East Midlands

£120,000
Listed on 18/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
697 sqft

Description

This terraced house, situated just a short stroll from Lincoln city centre, presents a promising opportunity for first-time buyers and investors alike. While the property has been well-maintained over the years, it is primed for modernisation that can significantly enhance its appeal and value. The layout features an entrance hallway leading to a comfortable lounge and a spacious kitchen diner equipped with ample storage and space for appliances. The first floor boasts two good-sized bedrooms, each with unique character elements such as ornamental fireplaces, alongside a generously-sized bathroom. Outside, the property includes an enclosed courtyard garden complemented by a functional brick-built outbuilding and an outdoor WC, presenting further potential for use or conversion. With no onward chain and council tax band A, this home is ready for transformation into its next chapter.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -32.1% below area average per sq ft

-32.1%
Potential saving
This Property
£172/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£194,358
10% above area average per sq ft
Potential ROI
+34.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -2.1%
5 year growth: +3.5%
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

Belmont Street, Lincoln LN2
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£425
Based on a loan of £90,000 over 30 years at 3.91% 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

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