For sale Terraced

21 WAKE STREET

LINCOLN, LINCOLNSHIRE LN1 3HS

3 beds 1 baths 893 sq ft Listed 2 Oct 2026 (-33d)

£260,000

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# 3 bedroom terraced house for sale (LN1 3HS)

## Property Details

| Key | Value |
|-----|-------|
| Address | 21 WAKE STREET, LINCOLN, LINCOLNSHIRE LN1 3HS |
| Price | £260,000 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 83 m² |
| Last sold | £245,000 Nov 2025 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 05/04/2032
- **Current heating cost:** £645/year
- **Est. upgrade cost to C:** £24,500

### Recommendations
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- W2 (£4,000 - £6,000)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0866-0023-9204-2202-5204)

## Description

The property retains a number of appealing period features reflecting its early 20th-century origins, including a traditional bay-fronted window, two reclaimed fireplace surrounds, original wood flooring and Victorian-style detailing. The well-proportioned accommodation includes two reception rooms, with a separate dining room leading through to an impressive 20ft 6in WREN-fitted kitchen, complete with integrated appliances and attractive herringbone flooring.

The ground floor is further complemented by a spacious four-piece bathroom, useful utility area and French doors opening onto the rear garden. The property also benefits from uPVC double glazing and a modern gas combi boiler.

To the first floor are three well-proportioned bedrooms, with the principal bedroom benefiting from recently installed fitted wardrobes.

Externally, the home is approached by an alleyway which is shared with the neighbouring home, and an enclosed rear garden provides a pleasant and versatile outdoor space, incorporating a patio seating area and lawn, making it well suited to both relaxing and entertaining.

Wake Street is ideally positioned within approximately a 10-minute walk of Lincoln's historic Cathedral Quarter, home to the magnificent Lincoln Cathedral and medieval Lincoln Castle. The nearby Steep Hill and Bailgate areas offer an excellent selection of independent shops, cafés, restaurants, pubs and bars, providing a vibrant mix of amenities close to the doorstep.

Overall, this attractive period property offers an appealing combination of character, generous accommodation and a convenient location close to the heart of historic Lincoln.

## Property Photos

- ![1527803-1-1a0f91c4047cd](/listings/photos/93872478/2584634) - 1527803-1-1a0f91c4047cd
- ![1527803-9-1a0f91c4055d6](/listings/photos/93872478/2584635) - 1527803-9-1a0f91c4055d6
- ![1527803-11-1a0f91c406b8c](/listings/photos/93872478/2584636) - 1527803-11-1a0f91c406b8c
- ![1527803-5-1a0f91c40472e](/listings/photos/93872478/2584637) - 1527803-5-1a0f91c40472e
- ![1527803-12-1a0f91c406120](/listings/photos/93872478/2584638) - 1527803-12-1a0f91c406120
- ![1527803-10-1a0f91c4061c9](/listings/photos/93872478/2584639) - 1527803-10-1a0f91c4061c9
- ![1527803-8-1a0f91c406147](/listings/photos/93872478/2584640) - 1527803-8-1a0f91c406147
- ![1527803-6-1a0f91c4049bb](/listings/photos/93872478/2584641) - 1527803-6-1a0f91c4049bb
- ![1527803-4-1a0f91c4055e5](/listings/photos/93872478/2584642) - 1527803-4-1a0f91c4055e5
- ![1527803-7-1a0f91c4047eb](/listings/photos/93872478/2584643) - 1527803-7-1a0f91c4047eb
- ![1527803-15-1a0f91c407584](/listings/photos/93872478/2584644) - 1527803-15-1a0f91c407584
- ![1527803-14-1a0f91c40758f](/listings/photos/93872478/2584645) - 1527803-14-1a0f91c40758f
- ![1527803-17-1a0f91c40758c](/listings/photos/93872478/2584646) - 1527803-17-1a0f91c40758c
- ![1527803-16-1a0f91c407f32](/listings/photos/93872478/2584647) - 1527803-16-1a0f91c407f32
- ![1527803-3-1a0f91c40470c](/listings/photos/93872478/2584648) - 1527803-3-1a0f91c40470c
- ![1527803-13-1a0f91c406b13](/listings/photos/93872478/2584649) - 1527803-13-1a0f91c406b13
- ![1527803-1-1a0f83f29c07f](/listings/photos/93872478/2584650) - 1527803-1-1a0f83f29c07f
- ![1527803-2-1a0f83f29c085](/listings/photos/93872478/2584651) - 1527803-2-1a0f83f29c085
- ![1527803-2-1a0f91c40478f](/listings/photos/93872478/2584652) - 1527803-2-1a0f91c40478f

## Floorplans

- ![-6abf80ad2fd99-1527803-1](/listings/photos/93872478/2584653) - -6abf80ad2fd99-1527803-1

## EPC Graphs

- ![EPC 1](/listings/photos/93872478/2584654) - EPC 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 21 WAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HS | £245,000 | 17/11/2025 | Terraced |
| 21 WAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HS | £200,000 | 13/10/2022 | 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 |
|---------|-------|------|------|
| 40 ST NICHOLAS STREET, LINCOLN, LINCOLNSHIRE, LN1 3EQ | £141,000 | 06/02/2026 | Terraced |
| 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 |
| 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 |
| [Same street] 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 |
| 18 MOUNT STREET, LINCOLN, LINCOLNSHIRE, LN1 3JG | £260,000 | 14/03/2023 | Terraced |
| 48 SPITAL STREET, LINCOLN, LINCOLNSHIRE, LN1 3EG | £160,000 | 21/12/2022 | Terraced |
| 9 MOUNT STREET, LINCOLN, LINCOLNSHIRE, LN1 3JE | £317,500 | 12/12/2022 | Terraced |
| [Same street] 9 WAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HS | £226,000 | 25/02/2022 | Terraced |

**Street average:** £215,000 (2 sales)
**Area average:** £186,225 (20 sales)

## Price vs local average

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

- **Local average:** £197,552 (60 Terraced, LN1, 2024–2026)
- **Deviation:** +31.6%

## Rental Range

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

- **Low:** £852/mo
- **Realistic:** £947/mo
- **Optimistic:** £1,042/mo

## LHA (Local Housing Allowance)

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

- **LHA floor (this property size):** £673/mo

## 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 |
|------|------|------|------|------|
| 3 Bed Terraced House, Alexandra Terrace, LN1 | £1,150/mo | 3 | 0.45 miles | OpenRent |
| 3 Bed Terraced House, Richmond Road, LN1 | £995/mo | 3 | 0.5 miles | OpenRent |
| 3 Bed Terraced House, Gresham St, LN1 | £1,100/mo | 3 | 0.6 miles | OpenRent |
| 3 Bed Terraced House, Croft Street, LN2 | £1,100/mo | 3 | 0.83 miles | OpenRent |

**Average rent: £1,086/mo (4 listings)**

## 1% Rule

- **Rent ratio:** 0.42% (weak for cashflow)
- **Max investor price (0.8%):** £137,500
- **Target investor price (1%):** £110,000

*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 OpenRent comparables.*

## Rent-driven metrics

*Based on OpenRent comparables (median £1,100/mo).*

- **Gross yield:** 5.1%
- **Cost-to-rent:** 19.7×
- **Monthly cashflow:** £-59/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** -0.9%

*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).*

## Price per Square Metre

- **£/m²:** £3,133/m²

## Capital growth trend

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

- **5y growth:** -1.9%
- **10y growth:** 25.7%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** 0.7%
- **5y growth (index):** 10.2%
- **10y growth (index):** 37.1%

## 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)

1527803-1-1a0f91c4047cd 1527803-9-1a0f91c4055d6 1527803-11-1a0f91c406b8c 1527803-5-1a0f91c40472e 1527803-12-1a0f91c406120 1527803-10-1a0f91c4061c9 1527803-8-1a0f91c406147 1527803-6-1a0f91c4049bb 1527803-4-1a0f91c4055e5 1527803-7-1a0f91c4047eb 1527803-15-1a0f91c407584 1527803-14-1a0f91c40758f 1527803-17-1a0f91c40758c 1527803-16-1a0f91c407f32 1527803-3-1a0f91c40470c 1527803-13-1a0f91c406b13 1527803-1-1a0f83f29c07f 1527803-2-1a0f83f29c085 1527803-2-1a0f91c40478f

/ 19

Property details

Tenure

FREEHOLD

Floor area

83 m²

Council tax band

EPC rating

Year built

England and Wales: 1900-1929

Last sold

£245,000 Nov 2025

Price per m²

£3,133/m²

Local average

£197,552 (+31.6%)

Deprivation

Decile 4 (10,710 of 33,755)

Street crime

644 incidents within 1 mile (Aug 2026)

Key features

No Onward Chain
Bay Fronted Terraced Home
Immaculately Presented
Three Bedrooms
Modern High Specification Kitchen
4 Piece Family Bathroom
Desirable Uphill Location
EPC Rating - D, Council Tax Band - A

Additional details

Garden: Yes

Description

Pygott and Crone are delighted to offer this immaculately presented, bay-fronted three-bedroom terraced home, pleasantly situated on the vibrant outskirts of Lincoln's historic Bailgate area to be sold with No Onward Chain. This attractive period property offers bright and spacious accommodation, combining traditional character with a range of modern comforts.
The property retains a number of appealing period features reflecting its early 20th-century origins, including a traditional bay-fronted window, two reclaimed fireplace surrounds, original wood flooring and Victorian-style detailing. The well-proportioned accommodation includes two reception rooms, with a separate dining room leading through to an impressive 20ft 6in WREN-fitted kitchen, complete with integrated appliances and attractive herringbone flooring.
The ground floor is further complemented by a spacious four-piece bathroom, useful utility area and French doors opening onto the rear garden. The property also benefits from uPVC double glazing and a modern gas combi boiler.
To the first floor are three well-proportioned bedrooms, with the principal bedroom benefiting from recently installed fitted wardrobes.
Externally, the home is approached by an alleyway which is shared with the neighbouring home, and an enclosed rear garden provides a pleasant and versatile outdoor space, incorporating a patio seating area and lawn, making it well suited to both relaxing and entertaining.
Wake Street is ideally positioned within approximately a 10-minute walk of Lincoln's historic Cathedral Quarter, home to the magnificent Lincoln Cathedral and medieval Lincoln Castle. The nearby Steep Hill and Bailgate areas offer an excellent selection of independent shops, cafés, restaurants, pubs and bars, providing a vibrant mix of amenities close to the doorstep.
Overall, this attractive period property offers an appealing combination of character, generous accommodation and a convenient location close to the heart of historic Lincoln.

Listed by

Lincoln

Pygott & Crone

Reference: 93872478

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: B

Inspection date: 06/04/2022

Expiry date: 05/04/2032

Current heating cost: £645/year

Potential heating cost: £404/year

Est. upgrade cost to C: £24,500

EPC D 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 (£3,500 - £5,500)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Registered land (INSPIRE)

This location falls inside an HM Land Registry INSPIRE registered freehold polygon.

Plot: ~132 m² (0.03 acres)

Source: HM Land Registry INSPIRE Index Polygons.

Floorplans

-6abf80ad2fd99-1527803-1

EPC Graphs

EPC 1

Price history

23% since 2022

Event	Date	Price	% change
Listed for sale	—	£260,000	+6.1%
Sold	17/11/2025 (11 months ago)	£245,000	+22.5%
Sold	13/10/2022 (4 years ago)	£200,000	—

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
40 ST NICHOLAS STREET, LINCOLN, LINCOLNSHIRE, LN1 3EQ	£141,000	06/02/2026	Terraced
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
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
Same street 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
18 MOUNT STREET, LINCOLN, LINCOLNSHIRE, LN1 3JG	£260,000	14/03/2023	Terraced
48 SPITAL STREET, LINCOLN, LINCOLNSHIRE, LN1 3EG	£160,000	21/12/2022	Terraced
9 MOUNT STREET, LINCOLN, LINCOLNSHIRE, LN1 3JE	£317,500	12/12/2022	Terraced
Same street 9 WAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 3HS	£226,000	25/02/2022	Terraced

Street average: £215,000 (2 sales)

Area average: £186,225 (20 sales)

Capital growth trend

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

5y growth -1.9%

10y growth 25.7%

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

1y (index) 0.7%

5y (index) 10.2%

10y (index) 37.1%

Rental Range

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

Low £852/mo

Realistic £947/mo

Optimistic £1,042/mo

Based on Local Authority from postcode lookup → Lincoln.

LHA (30th percentile) floor for Lincoln: £673/mo (Apr 2025 – Mar 2026)

Location

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

Nearby

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

Type	Name	Distance
Bus stop	Mount Street School	0.1 miles
Shop	Unknown	0.1 miles
Shop	Signature Barber	0.1 miles
University	Lincoln Bishop University	0.4 miles
Train station	Lincoln	1.0 miles
University	Joseph Banks Laboratories	1.1 miles
Train station	Hykeham	3.9 miles
Hospital	Welbourn Hall Nursing and Residential Home	11.6 miles

Street-level crime

Category	Count
Violence and sexual offences	199
Anti-social behaviour	170
Shoplifting	78
Public order	57
Criminal damage and arson	31
Other theft	22
Burglary	20
Bicycle theft	15
Robbery	15
Drugs	12
Vehicle crime	10
Other crime	7
Possession of weapons	7
Theft from the person	1
Total incidents	644

Within 1 mile during Aug 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	0.1 miles	— (Inspected (no overall grade))
Westgate Academy	Primary	0.2 miles	Good — 14 Jul 2016
Bishop Grosseteste University	Other	0.3 miles	— (No rating)
The St Faith and St Martin Church of England Junior School, Lincoln	Primary	0.5 miles	Good — 26 Feb 2020
Lincoln Castle Academy	Secondary	0.5 miles	Inadequate — 21 Sep 2022

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
3 Bed Terraced House, Alexandra Terrace, LN1	£1,150/mo	3	0.45 miles	OpenRent
3 Bed Terraced House, Richmond Road, LN1	£995/mo	3	0.5 miles	OpenRent
3 Bed Terraced House, Gresham St, LN1	£1,100/mo	3	0.6 miles	OpenRent
3 Bed Terraced House, Croft Street, LN2	£1,100/mo	3	0.83 miles	OpenRent

Average rent: £1,086/mo (4 listings)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.42%

Max investor price (0.8%) £137,500

Target investor price (1%) £110,000

Gross yield 5.1%

Cost-to-rent ratio 19.7×

Monthly cashflow £-59/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI -0.9%

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).