# 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

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.

## 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)