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Connaught Terrace, Lincoln LN5

East Midlands

£90,000

Listed on 18/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
641 sqft

Description

This two-bedroom mid-terrace property offers a prime opportunity for renovation enthusiasts or investors in the bustling area just off Newark Road. Currently in need of significant modernisation, this property has the potential to be transformed into a comfortable living space or a profitable rental investment. The accommodation spans two floors, featuring a lounge and dining room on the ground level, along with a compact kitchen, rear porch, and bathroom. Upstairs, you will find two well-sized double bedrooms. The rear yard is low maintenance, providing outdoor space with minimal upkeep. With no onward chain, this property presents an enticing prospect for those looking to create value through refurbishment in the charming city of Lincoln, known for its historical significance and vibrant community.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -36.3% below area average per sq ft

-36.3%
Potential saving
This Property
£140/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£155,369
10% above area average per sq ft
Potential ROI
+11.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +1.7%
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

Connaught Terrace, Lincoln LN5
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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
£340
Based on a loan of £67,500 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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