Terraced 2 sales on record

40 ST NICHOLAS STREET

LINCOLN, LINCOLNSHIRE, LN1 3EQ

£141,000

Location

Map view View on Google Maps View on OpenStreetMap Street View LN1 3EQ

Nearby

Nearest stations, universities and amenities (distance from property).

Type	Name	Distance
Bus stop	Mount Street School	0.1 miles
Shop	Happy Soles	0.2 miles
Hospital	St Georges Hospital	0.7 miles
University	David Chiddick Building	0.9 miles
Train station	Lincoln	1.0 miles

Property details

Tenure

Freehold

Property type

Terraced

Bedrooms

Bathrooms

Last sold

£141,000 Feb 2026

Local average

£197,327 (60 sales)

Street crime

4 incidents within 1 mile (May 2026)

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Price history

Event	Date	Price	Type	% change	Today’s value (HPI)	Action
Sold	06/02/2026	£141,000	Terraced	+281.1%	£141,960 to April 2026	View transaction
Sold	28/05/1999	£37,000	Terraced	—	£181,493 to April 2026	View transaction

Historic listings

Listing and sale events only where we matched the listing page to a Land Registry sale already on record for this address.

Event	Date	Price
sold	01/01/2026	£141,000
listed	20/08/2025	£142,500
sold	01/01/2007	£117,000
sold	01/01/2007	£100,000
sold	01/01/1999	£37,000
sold	01/01/1995	£31,750
sold	01/01/1995	£30,500

Photos · Open listing

Sold comparables

Same street and nearby sales within 0.25 miles (last 5 years). Land Registry Price Paid Data.

Address	Price	Date	Type
60 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HY	£165,000	16/01/2026	Terraced
31 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HZ	£160,000	15/12/2025	Terraced
13 CASTLE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HU	£163,500	10/12/2025	Terraced
7 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HZ	£195,000	05/12/2025	Terraced
3 CECIL MEWS, LINCOLN, LINCOLNSHIRE, LN1 3AU	£295,000	28/11/2025	Terraced
12 SAXON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HN	£182,000	28/11/2025	Terraced
56 SPITAL STREET, LINCOLN, LINCOLNSHIRE, LN1 3EG	£171,000	13/11/2025	Terraced
74 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HL	£172,500	07/11/2025	Terraced
29 CASTLE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HU	£117,000	20/02/2025	Terraced
7 KINGSLEY STREET, LINCOLN, LINCOLNSHIRE, LN1 3JN	£180,000	16/08/2024	Terraced
54 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HL	£187,500	01/12/2023	Terraced
41 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HZ	£125,000	29/11/2023	Terraced
22 WAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HS	£204,000	17/11/2023	Terraced
16 MILDMAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HR	£225,000	12/10/2023	Terraced
27 MILDMAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HR	£242,500	05/07/2023	Terraced
37 NEWPORT, LINCOLN, LINCOLNSHIRE, LN1 3DN	£218,000	30/06/2023	Terraced
11 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HH	£185,000	15/06/2023	Terraced
72 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HL	£157,000	31/03/2023	Terraced
48 SPITAL STREET, LINCOLN, LINCOLNSHIRE, LN1 3EG	£160,000	21/12/2022	Terraced
4 HEREWARD STREET, LINCOLN, LINCOLNSHIRE, LN1 3EW	£177,000	25/11/2022	Terraced

Area average: £184,100 (20 sales)

For sale comparables

No active for-sale comparables found within 1 mile for the same bedrooms and property type.

Capital growth trend

Land Registry outcode average: last 12 months vs 5y and 10y ago (from sold prices).

5y growth -11.1%

10y growth 0.5%

House Price Index (HM Land Registry — official index, not sold-price averages): Lincoln. Series: Terraced. As of April 2026.

1y (index) 0.1%

5y (index) 13.9%

10y (index) 42.4%

Rental Range

Estimated market rent for Lincoln. Low = conservative, Realistic = average, Optimistic = best case.

Low £856/mo

Realistic £951/mo

Optimistic £1,046/mo

Based on Local Authority from postcode lookup → Lincoln.

LHA (30th percentile) floor for Lincoln: Apr 2025 – Mar 2026

Rental Comparables

Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.

Title	Rent	Beds	Distance	As seen on
2 Bed Terraced House, Mercer Drive, LN1	£975/mo	2	0.71 miles	OpenRent

Average rent: £975/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.69%

Max investor price (0.8%) £121,875

Target investor price (1%) £97,500

Gross yield 8.3%

Cost-to-rent ratio 12.1×

Monthly cashflow £297/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 8.7%

Rent ratio — Monthly rent ÷ purchase price (1% rule). 1%+ = strong, 0.8–1% = okay, <0.8% = weak for cashflow.
Max investor price — Rent ÷ 0.8%; the price at which rent would be 0.8% of price (Stoke-style target).
Target investor price — Rent ÷ 1%; the price at which rent would be 1% of price (strong cashflow band).
Gross yield — Annual rent as % of purchase price (no costs).
Cost-to-rent — Price ÷ annual rent (from OpenRent comparables). Under 14× = strong, 14–16× = acceptable, 17×+ = compressed.
Cashflow — Rent minus mortgage, 10% maintenance, £25/mo compliance. Assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term.
ROI — Annual profit ÷ cash in (deposit + 4% purchase costs).

Flood risk

Zone: 1

Risk: Low

Not in Flood Risk Area (no data)

Street-level crime

Category	Count
Violence and sexual offences	4
Total incidents	4

Within 1 mile during May 2026. Source: data.police.uk (England & Wales).

Schools nearby

Nearest open schools with Ofsted ratings (England). Closed schools are not shown. Data from Get Information about Schools and Ofsted.

Name	Type	Distance	Ofsted
Mount Street Academy	Primary	0.2 miles	— (Inspected (no overall grade))
Westgate Academy	Primary	0.2 miles	Good — 14 Jul 2016
Bishop Grosseteste University	Other	0.3 miles	— (No rating)
Lincoln Castle Academy	Secondary	0.5 miles	Inadequate — 21 Sep 2022
The Lincoln St Peter-in-Eastgate Church of England (Controlled) Infants School	Primary	0.5 miles	Requires improvement — 29 Jan 2023

FENSA

Checking FENSA certificates for this address. Refresh in a few minutes.

# 40 ST NICHOLAS STREET, LINCOLN, LINCOLNSHIRE, LN1 3EQ

## Property details

- Slug: `98d1c91` (address key hash: `98d1c913a6417053482f29d47f3b505c3a8c5818`)
- Postcode: LN1 3EQ
- Transactions on record: 2

- Tenure: Freehold
- Property type: Terraced
- Bedrooms: 2
- Bathrooms: 1
- Last sold: £141,000 Feb 2026
- Local average: £197,327 (60 sales)
- Street crime: 4 incidents within 1 mile (May 2026)

## Latest sale

- Price: £141,000
- Date: 2026-02-06
- Type: T
- Tenure: F

## Price history

| Event | Date | Price | Type | % change | Today’s value (HPI) | Transaction |
|-------|------|-------|------|--------|---------------------|-------------|
| Sold | 2026-02-06 | £141,000 | Terraced | +281.1% | £141,960 (to April 2026) | [View](http://87.117.209.195:8080/house-prices/4c1b673f-4f81-d8ea-e063-4704a8c0bf7d) |
| Sold | 1999-05-28 | £37,000 | Terraced | — | £181,493 (to April 2026) | [View](http://87.117.209.195:8080/house-prices/444d55da-665b-4bb9-8b0f-53be8ccc1b7d) |

*Today’s value (HPI): adjusted using published house price index trends for the area and property type; not a valuation of the property today.*

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 40 ST NICHOLAS STREET, LINCOLN, LINCOLNSHIRE, LN1 3EQ | £141,000 | 06/02/2026 | Terraced |
| 40 ST NICHOLAS STREET, LINCOLN, LINCOLNSHIRE, LN1 3EQ | £37,000 | 28/05/1999 | Terraced |

## Historic listings

Listing activity only where we matched the listing to a Land Registry sale already on record for this address.

- Matched listing: [165991256](http://87.117.209.195:8080/listings/2723b88)

| Event | Date | Price |
|-------|------|-------|
| sold | 2026-01-01 | £141,000 |
| listed | 2025-08-20 | £142,500 |
| sold | 2007-01-01 | £117,000 |
| sold | 2007-01-01 | £100,000 |
| sold | 1999-01-01 | £37,000 |
| sold | 1995-01-01 | £31,750 |
| sold | 1995-01-01 | £30,500 |

## Sold Comparables

*Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 60 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HY | £165,000 | 16/01/2026 | Terraced |
| 31 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HZ | £160,000 | 15/12/2025 | Terraced |
| 13 CASTLE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HU | £163,500 | 10/12/2025 | Terraced |
| 7 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HZ | £195,000 | 05/12/2025 | Terraced |
| 3 CECIL MEWS, LINCOLN, LINCOLNSHIRE, LN1 3AU | £295,000 | 28/11/2025 | Terraced |
| 12 SAXON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HN | £182,000 | 28/11/2025 | Terraced |
| 56 SPITAL STREET, LINCOLN, LINCOLNSHIRE, LN1 3EG | £171,000 | 13/11/2025 | Terraced |
| 74 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HL | £172,500 | 07/11/2025 | Terraced |
| 29 CASTLE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HU | £117,000 | 20/02/2025 | Terraced |
| 7 KINGSLEY STREET, LINCOLN, LINCOLNSHIRE, LN1 3JN | £180,000 | 16/08/2024 | Terraced |
| 54 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HL | £187,500 | 01/12/2023 | Terraced |
| 41 WILSON STREET, LINCOLN, LINCOLNSHIRE, LN1 3HZ | £125,000 | 29/11/2023 | Terraced |
| 22 WAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HS | £204,000 | 17/11/2023 | Terraced |
| 16 MILDMAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HR | £225,000 | 12/10/2023 | Terraced |
| 27 MILDMAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HR | £242,500 | 05/07/2023 | Terraced |
| 37 NEWPORT, LINCOLN, LINCOLNSHIRE, LN1 3DN | £218,000 | 30/06/2023 | Terraced |
| 11 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HH | £185,000 | 15/06/2023 | Terraced |
| 72 GRAY STREET, LINCOLN, LINCOLNSHIRE, LN1 3HL | £157,000 | 31/03/2023 | Terraced |
| 48 SPITAL STREET, LINCOLN, LINCOLNSHIRE, LN1 3EG | £160,000 | 21/12/2022 | Terraced |
| 4 HEREWARD STREET, LINCOLN, LINCOLNSHIRE, LN1 3EW | £177,000 | 25/11/2022 | Terraced |

**Area average:** £184,100 (20 sales)

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** -11.1%
- **10y growth:** 0.5%

## House Price Index (HM Land Registry)

*Official index for Lincoln; Terraced series; as of April 2026.*

- **1y growth (index):** 0.1%
- **5y growth (index):** 13.9%
- **10y growth (index):** 42.4%

## Rental Range

*ONS Price Index of Private Rents (Lincoln). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £856/mo
- **Realistic:** £951/mo
- **Optimistic:** £1,046/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Lincoln (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, Mercer Drive, LN1 | £975/mo | 2 | 0.71 miles | OpenRent |

**Average rent: £975/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.69% (weak for cashflow)
- **Max investor price (0.8%):** £121,875
- **Target investor price (1%):** £97,500

*Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £975/mo).*

- **Gross yield:** 8.3%
- **Cost-to-rent:** 12.1×
- **Monthly cashflow:** £297/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8.7%

*Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Not in Flood Risk Area (no data)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)

## Street-level crime

| Category | Count |
|----------|-------|
| Violence and sexual offences | 4 |
| **Total incidents** | **4** |

*Within 1 mile during May 2026. Source: data.police.uk (England & Wales).*

## Schools nearby

*Nearest open schools with Ofsted ratings (England). Closed schools are not shown.*

| Name | Type | Distance | Ofsted |
|------|------|----------|--------|
| Mount Street Academy | Primary | 0.2 miles | — (Inspected (no overall grade)) |
| Westgate Academy | Primary | 0.2 miles | Good — 14 Jul 2016 |
| Bishop Grosseteste University | Other | 0.3 miles | — (No rating) |
| Lincoln Castle Academy | Secondary | 0.5 miles | Inadequate — 21 Sep 2022 |
| The Lincoln St Peter-in-Eastgate Church of England (Controlled) Infants School | Primary | 0.5 miles | Requires improvement — 29 Jan 2023 |