1 /10
£122,000
Lincoln, Lincolnshire
- 0 beds
£122,000
- 0 beds
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Estimate monthly mortgage payment:
£557 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£6,100
Property listed by:
Pure Investor
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Property Highlights
- Type: 2-bedroom terraced house, freehold
- Accommodation: 2-bedrooms | 1-bathroom
- Pros: On-street parking and rear yard space
- Rent: £550 PCM (£6,600 annually)
- Tenancy: Occupied since July 2018, rolling contract, self-managed
Market Context & Comparative Valuations
- Sold comparables on Henry Street (LN5 7XF):
- 10 Henry Street: £130,000 in August 2023
- 13 Henry Street: £115,000 in May 2023
- 12 Henry Street: £113,000 in August 2022
- 7 Henry Street: £120,000 in April 2022
- Average sale prices in Lincoln:
- Overall city: £184,000 (May 2025), up 2.5% year-on-year
- Rightmove: Terraced homes average £165,394 across Lincoln
- Specifically in LN5 7: average sold terraced is £123,627 over past 12 months (Zoopla)
Conclusion: The expected sale price of £122,000 aligns well with recent sales and local averages for similar terraced properties in the area.
Rental Market & Yield Analysis
- Current rent: £550 PCM → £6,600/year
- Citywide rental averages:
- Lincoln average rent £875 PCM (Jan 2025), up 10.7% YoY (Office of National Statistics)
- Over 5-year period: Lincoln saw rents grow from £687 to £1,156 PCM—a 68% increase
- Yield calculations:
- Current Yield (at £122k):
- Gross: £6,600 / £122,000 5.4% annually
- Market-Adjusted Potential Yield (if rent matches LN5 avg £856 pcm = £10,272/year):
- Gross: £10,272 / £122,000 8.4%
- Current Yield (at £122k):
Growth & Appreciation
- Sale price growth in Lincoln over 10 years: 47.6% increase
- Rent growth: 48.5% over the last decade
- Henry Street specific appreciation: Example property (6 Henry Street) rose from £77,500 in 2011 to £114,000 in 2021—a 47% increase
- Broad comparative increase: From £85,000 in 2016 to £130,000 in 2023 (53% growth)
Summary Table
Category Figures & Insight Expected Sale Price £122,000 – aligned with local comparables Current Rental Income £550 PCM / £6,600 PA Market Rent Potential Up to £856–£875 PCM (£10.3k PA) Current Yield 5.4% gross Potential Yield 8.4% gross (achievable with market rent) Capital Growth Trend 47–53% over past decade across local terrace properties Rental Growth Trend 48.5% over past 10 yearsWhy This Property Stands Out
- Strong location-level comps, including recent sales above £120k, support the asking price.
- Resilient rental demand in Lincoln, with high growth trends and potential to increase rent.
- Solid investment fundamentals, blending immediate yield with long-term capital appreciation.
- Self-managed, stable tenant in place since 2018 provides reliable cash flow.
Mortgage calculator
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£557 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
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