Let Terraced

24 DRAKE STREET

LINCOLN, LINCOLNSHIRE LN1 1PP

5 beds 2 baths 1,216 sq ft Listed 20 Oct 2025 (-236d)

£485 pcm

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# 5 bedroom terraced house for rent (LN1 1PP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 DRAKE STREET, LINCOLN, LINCOLNSHIRE LN1 1PP |
| Price | £485 pcm |
| Bedrooms | 5 |
| Bathrooms | 2 |
| Council tax | A |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 113 m² |
| Last sold | £137,500 Feb 2017 |

## EPC Rating & Upgrade Cost

- **Current rating:** E
- **Potential rating:** D
- **Expiry date:** 01/05/2027
- **Current heating cost:** £1,242/year
- **Est. upgrade cost to C:** £26,500

### Recommendations
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- W2 (£4,000 - £6,000)
- N (£4,000 - £6,000)
- U (£5,000 - £8,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0359-2882-6853-9403-5481)

## Description

Students! West End Five Bedroom Student Accommodation! Ideally located within walking distance of Lincoln University.

Conveniently located within walking distance of the University, in the popular West End! The property comprises of five double rooms, a modern fully fitted kitchen with spacious lounge, and two shower rooms. Up to 2 parking permits available through City of Lincoln Council permit scheme for a fee. Gas central heating.

**Student 2 Bed+ Ct A** - *Price displayed is as per person per week*

The deposit payable on the first day of your tenancy is just **£200.00** per person along with the first four weeks rent, after this the rent can be paid in instalments that coincide with your student loan.

The total rent due for the property will increase by £28.99 per week for any non-students (rental shares can be apportioned per tenant, meaning one or more tenants can contribute to this).

Don't miss out on this great property. Contact our friendly team at Cloud Lettings today to arrange your viewing or book a slot online for a time convenient to you!

See downloadable brochure for more details.

Call -

email -

WhatsApp -

## Property Photos

- ![Photo](/listings/photos/168396500/451153)
- ![Available 2026.png](/listings/photos/168396500/451162) - Available 2026.png
- ![Photo](/listings/photos/168396500/451167)
- ![Photo](/listings/photos/168396500/451172)
- ![Photo](/listings/photos/168396500/451177)
- ![Photo](/listings/photos/168396500/451181)
- ![Photo](/listings/photos/168396500/451184)
- ![Photo](/listings/photos/168396500/451185)
- ![Photo](/listings/photos/168396500/451186)
- ![Photo](/listings/photos/168396500/451187)
- ![DSC_0019.JPG](/listings/photos/168396500/451188) - DSC_0019.JPG
- ![DSC_0064.JPG](/listings/photos/168396500/451189) - DSC_0064.JPG
- ![Trusted member.png](/listings/photos/168396500/451190) - Trusted member.png

## Floorplans

- ![24 Drake Simple - Ground Floor.jpg](/listings/photos/168396500/451195) - 24 Drake Simple - Ground Floor.jpg
- ![24 Drake Simple - 1st Floor.jpg](/listings/photos/168396500/451197) - 24 Drake Simple - 1st Floor.jpg
- ![24 Drake Simple - 2nd Floor.jpg](/listings/photos/168396500/451200) - 24 Drake Simple - 2nd Floor.jpg

## EPC Graphs

- ![EE Rating](/listings/photos/168396500/451203) - EE Rating
- ![EI Rating](/listings/photos/168396500/451205) - EI Rating

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 24 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £137,500 | 22/02/2017 | Terraced |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 108 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SP | £105,000 | 16/12/2025 | Terraced |
| 103 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £215,000 | 28/11/2025 | Terraced |
| 40 MOOR STREET, LINCOLN, LINCOLNSHIRE, LN1 1PR | £180,000 | 21/11/2025 | Terraced |
| 3 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £248,110 | 16/07/2025 | Terraced |
| 72 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR | £174,500 | 28/02/2025 | Terraced |
| 29 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ | £195,000 | 12/10/2023 | Terraced |
| 13 TENNYSON STREET, LINCOLN, LINCOLNSHIRE, LN1 1LZ | £280,000 | 12/10/2023 | Terraced |
| 22 HEWSON ROAD, LINCOLN, LINCOLNSHIRE, LN1 1RX | £335,000 | 12/05/2023 | Terraced |
| 7 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX | £135,000 | 06/04/2023 | Terraced |
| 3 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX | £135,000 | 06/04/2023 | Terraced |
| 95 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £135,000 | 06/04/2023 | Terraced |
| 127 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £120,000 | 05/04/2023 | Terraced |
| 18 WELLINGTON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PN | £172,500 | 05/04/2023 | Terraced |
| 3 MOOR STREET, LINCOLN, LINCOLNSHIRE, LN1 1PW | £205,000 | 28/11/2022 | Terraced |
| 73 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1BD | £301,000 | 22/11/2022 | Terraced |
| 286 WEST PARADE, LINCOLN, LINCOLNSHIRE, LN1 1NB | £350,000 | 07/11/2022 | Terraced |
| 9 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1BD | £227,000 | 14/10/2022 | Terraced |
| 36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £155,000 | 12/10/2022 | Terraced |
| 87 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QF | £205,000 | 10/10/2022 | Terraced |
| 26 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX | £170,000 | 23/09/2022 | Terraced |

**Area average:** £202,156 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £198,304 (58 Terraced, LN1, 2024–2026)
- **Deviation:** -99.8%

## Rental Range

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

- **Low:** £855/mo
- **Realistic:** £950/mo
- **Optimistic:** £1,045/mo

## LHA (Local Housing Allowance)

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

- **LHA floor (this property size):** £922/mo

## 1% Rule

- **Rent ratio:** 195.88% (strong)
- **Max investor price (0.8%):** £118,750
- **Target investor price (1%):** £95,000

*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 Area rent estimate.*

## Price per Square Metre

- **£/m²:** £4/m²

## Capital growth trend

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

- **5y growth:** -2.4%
- **10y growth:** -5.5%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** 0.9%
- **5y growth (index):** 16.8%
- **10y growth (index):** 41.3%

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

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

Photo 1 Available 2026.png Photo 3 Photo 4 Photo 5 Photo 6 Photo 7 Photo 8 Photo 9 Photo 10 DSC_0019.JPG DSC_0064.JPG Trusted member.png

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Property details

Floor area

113 m²

Council tax band

EPC rating

Year built

England and Wales: 1900-1929

Last sold

£137,500 Feb 2017

Price per m²

£4/m²

Local average

£198,304 (-99.8%)

Deprivation

Decile 6 (17,923 of 33,755)

Street crime

492 incidents within 1 mile (Apr 2026)

Key features

Great West End location
Price displayed is per person based on 5 tenants renting the property
All bills included and fully furnished!
Deposit only £200pp
Two shower rooms!
Permit parking available from Lincoln Council
Wall mounted TV
Close to University
Council Tax Band A
Available for 26/27

Additional details

Parking: Yes

Description

Students! West End Five Bedroom Student Accommodation! Ideally located within walking distance of Lincoln University.

Conveniently located within walking distance of the University, in the popular West End! The property comprises of five double rooms, a modern fully fitted kitchen with spacious lounge, and two shower rooms. Up to 2 parking permits available through City of Lincoln Council permit scheme for a fee. Gas central heating.

Student 2 Bed+ Ct A - *Price displayed is as per person per week*

The deposit payable on the first day of your tenancy is just £200.00 per person along with the first four weeks rent, after this the rent can be paid in instalments that coincide with your student loan.

The total rent due for the property will increase by £28.99 per week for any non-students (rental shares can be apportioned per tenant, meaning one or more tenants can contribute to this).

Don't miss out on this great property. Contact our friendly team at Cloud Lettings today to arrange your viewing or book a slot online for a time convenient to you!

See downloadable brochure for more details.

Call -
email -
WhatsApp -

Listed by

Lincoln

Cloud Lettings Ltd

Reference: 168396500

EPC Rating & Upgrade Cost

Current rating: E

Potential rating: D

Inspection date: 02/05/2017

Expiry date: 01/05/2027

Current heating cost: £1,242/year

Potential heating cost: £954/year

Est. upgrade cost to C: £26,500

EPC E or below may face future regulation risk. Upgrading to C could improve long-term ROI.

Recommendations

50 mm internal or external wall insulation (£4,000 - £14,000)
Floor insulation (suspended floor) (£800 - £1,200)
Floor insulation (solid floor) (£4,000 - £6,000)
Solar water heating (£4,000 - £6,000)
Solar photovoltaic panels, 2.5 kWp (£5,000 - £8,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

24 Drake Simple - Ground Floor.jpg

24 Drake Simple - 1st Floor.jpg

24 Drake Simple - 2nd Floor.jpg

EPC Graphs

EE Rating

EI Rating

Price history

Event	Date	Price	% change
Sold	22/02/2017 (9 years ago)	£137,500	—

Source: HM Land Registry Price Paid Data. Crown copyright.

Sold Comparables

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

Address	Price	Date	Type
108 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SP	£105,000	16/12/2025	Terraced
103 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD	£215,000	28/11/2025	Terraced
40 MOOR STREET, LINCOLN, LINCOLNSHIRE, LN1 1PR	£180,000	21/11/2025	Terraced
3 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£248,110	16/07/2025	Terraced
72 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR	£174,500	28/02/2025	Terraced
29 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ	£195,000	12/10/2023	Terraced
13 TENNYSON STREET, LINCOLN, LINCOLNSHIRE, LN1 1LZ	£280,000	12/10/2023	Terraced
22 HEWSON ROAD, LINCOLN, LINCOLNSHIRE, LN1 1RX	£335,000	12/05/2023	Terraced
7 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX	£135,000	06/04/2023	Terraced
3 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX	£135,000	06/04/2023	Terraced
95 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD	£135,000	06/04/2023	Terraced
127 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD	£120,000	05/04/2023	Terraced
18 WELLINGTON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PN	£172,500	05/04/2023	Terraced
3 MOOR STREET, LINCOLN, LINCOLNSHIRE, LN1 1PW	£205,000	28/11/2022	Terraced
73 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1BD	£301,000	22/11/2022	Terraced
286 WEST PARADE, LINCOLN, LINCOLNSHIRE, LN1 1NB	£350,000	07/11/2022	Terraced
9 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1BD	£227,000	14/10/2022	Terraced
36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£155,000	12/10/2022	Terraced
87 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QF	£205,000	10/10/2022	Terraced
26 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX	£170,000	23/09/2022	Terraced

Area average: £202,156 (20 sales)

Capital growth trend

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

5y growth -2.4%

10y growth -5.5%

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

1y (index) 0.9%

5y (index) 16.8%

10y (index) 41.3%

Rental Range

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

Low £855/mo

Realistic £950/mo

Optimistic £1,045/mo

Based on Local Authority from postcode lookup → Lincoln.

LHA (30th percentile) floor for Lincoln: £922/mo (Apr 2025 – Mar 2026)

Location

Map view View on Google Maps View on OpenStreetMap Street View LN1 1PP

Nearby

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

Type	Name	Distance
Bus stop	Moor Street	0.1 miles
Shop	P G Mitchell	0.1 miles
Shop	West End Food Store	0.1 miles
University	One Campus Way	0.2 miles
University	Village Hall	0.3 miles
Train station	Lincoln	0.8 miles
Train station	Hykeham	3.2 miles
Hospital	Welbourn Hall Nursing and Residential Home	11.1 miles

Street-level crime

Category	Count
Anti-social behaviour	151
Violence and sexual offences	128
Shoplifting	57
Public order	37
Other theft	29
Criminal damage and arson	21
Robbery	15
Bicycle theft	13
Drugs	13
Burglary	9
Vehicle crime	7
Other crime	6
Possession of weapons	4
Theft from the person	2
Total incidents	492

Within 1 mile during Apr 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
The St Faith's Church of England Infant and Nursery School, Lincoln	Primary	0.1 miles	Good — 24 Feb 2017
The St Faith and St Martin Church of England Junior School, Lincoln	Primary	0.3 miles	Good — 26 Feb 2020
Lincolnshire Secure Unit	Other	0.4 miles	— (No rating)
University of Lincoln	Other	0.5 miles	— (No rating)
Westgate Academy	Primary	0.6 miles	Good — 14 Jul 2016

Rental Comparables

Rental listings exist nearby, but none matched the 5-bedroom count for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 195.88%

Max investor price (0.8%) £118,750

Target investor price (1%) £95,000

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).

Download brochure