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Percy Street, Lincoln, Lincolnshire LN2

East Midlands

£170,000Guide Price

Listed on 28/06/2026

Property details

Bedrooms
6
Type
End Terrace
Area
1733 sqft

Description

This spacious end-of-terrace property presents a rare opportunity for investors or those looking to create a multi-occupancy rental. Comprising six bedrooms, this property is situated ideally for generating substantial rental income. With the right licensing, it has the potential to function as a House in Multiple Occupation (HMO), offering room rentals estimated between £100 and £140 per week, leading to an annual revenue of approximately £31,200 to £43,680. The property does require some modernisation throughout; however, its good proportions and layout leave ample room for enhancements and renovations that could significantly increase its value. Additionally, there is scope to extend the property (subject to planning permission) which would further augment living space and rental appeal. A minor recommendation includes the installation of an aco drain at the front to mitigate rainwater issues. The current configuration includes two shower rooms and communal areas that can be improved upon to meet modern living standards, turning this investment into a lucrative asset within Lincoln's rental market.

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Investment analysis

(LN2 area)

Below Market Value

This property is priced -61.1% below area average per sq ft

-61.1%
Potential saving
This Property
£98/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£225
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£480,292
10% above area average per sq ft
Potential ROI
+118.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by -0.5% over the last 12 months
3 year growth: -1.0%
5 year growth: +0.9%
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

Percy Street, Lincoln, Lincolnshire LN2
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£642
Based on a loan of £127,500 over 30 years at 4.45% 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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