Sold STC Terraced

Drake Street

Lincoln, LN1, LN1 1PP

3 beds 1 baths Listed 17 Mar 2015 (-4108d)

£129,950

Save

# 3 bedroom terraced house for sale (LN1 1PP)

## Property Details

| Key | Value |
|-----|-------|
| Address | Drake Street, Lincoln, LN1, LN1 1PP |
| Price | £129,950 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Last sold | £129,950 |

## Description

LocationThis property is situated within the popular West End area of the city, having access to Lincoln city centre. There are multiple amenities including shops, restaurants, bars, and the Brayford Pool area having a selection of hotels, restaurants and bars overlooking the water side. Also, this property is in a prime location for lettings due to its proximity to Lincoln University.

Our ViewThe property is positioned in a popular city location, providing great access to a variety of local shopping facilities. On internal inspection, you will discover that the room sizes are generously proportioned.The kitchen boasts a wealth of complimentary work surface space, featuring a range of fitted wall and base units, as well as an integral cooker and hob. Adjoining the entrance hall way is a well-sized living room and a dining room which benefits from good window aspects, allowing plenty of light into the property. The bathroom/WW is located to the rear of the property. Access to the rear garden is provided from the kitchen.Upstairs, there are three double bedrooms located to the front and rear aspects respectively, all of which offer ample floor space for additional storage options where required.Outside, there are parking spaces available through Lincoln City Council and a rear patio area to enjoy.

**Entrance****Living Room** 11' 9"  x 11' 7"  (3.58m  x 3.53m )

**Dining Room** 11' 7"  x 11' 5"  (3.53m  x 3.48m )

**Kitchen** 5' 9"  x 11' 6"  (1.75m  x 3.51m )

**Bathroom / WC****Bedroom** 11' 6"  x 12' 0"  (3.51m  x 3.66m )

**Bedroom** 12' 0"  x 7' 1"  (3.66m  x 2.16m )

**Bedroom** 7' 8"  x 8' 8"  (2.34m  x 2.64m )

**Outside****Patio Area**

DirectionsAs you head out of Lincoln on Carholme Road, turn right onto Moor Street. Take your first left onto Drake Street. The property can be found on the right hand side marked by a Your Move Board.

IMPORTANT NOTE TO PURCHASERS:We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

## Property Photos

- ![Photo](/listings/photos/33972240/451278)
- ![Living Room](/listings/photos/33972240/451280) - Living Room
- ![Dining Room](/listings/photos/33972240/451284) - Dining Room
- ![Kitchen](/listings/photos/33972240/451286) - Kitchen
- ![Bedroom](/listings/photos/33972240/451292) - Bedroom
- ![Bedroom](/listings/photos/33972240/451294) - Bedroom
- ![EPC](/listings/photos/33972240/451296) - EPC

## Floorplans

- ![Floorplan 1](/listings/photos/33972240/451298) - Floorplan 1

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £129,950 | 01/01/2015 | — |
|  | £50,000 | 01/01/2001 | — |

## 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 |
| 170 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SE | £158,000 | 10/12/2025 | 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 |
| [Same street] 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 |
| 95 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £135,000 | 06/04/2023 | 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 |
| 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 |
| [Same street] 1 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £211,000 | 16/01/2023 | Semi-detached |
| 6 ANGELICA ROAD, LINCOLN, LINCOLNSHIRE, LN1 1AY | £240,000 | 20/12/2022 | 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 |
| [Same street] 36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £155,000 | 12/10/2022 | Terraced |
| 26 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX | £170,000 | 23/09/2022 | Terraced |
| 101 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1RT | £240,000 | 22/09/2022 | Terraced |
| [Same street] 49 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £226,000 | 05/09/2022 | Semi-detached |
| [Same street] 35 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £221,036 | 17/06/2022 | Terraced |

**Street average:** £212,229 (5 sales)
**Area average:** £203,650 (20 sales)

## Price vs local average

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

- **Local average:** £198,304 (58 Terraced, LN1, 2024–2026)
- **Deviation:** -34.5%

## 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):** £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 Flat, Princess Street, LN5 | £995/mo | 3 | 0.93 miles | OpenRent |

**Average rent: £995/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.77% (weak for cashflow)
- **Max investor price (0.8%):** £124,375
- **Target investor price (1%):** £99,500

*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 £995/mo).*

- **Gross yield:** 9.2%
- **Cost-to-rent:** 10.9×
- **Monthly cashflow:** £359/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 11.4%

*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).*

## Capital growth trend

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

- **5y growth:** -3.4%
- **10y growth:** -3.7%

## 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 Living Room Dining Room Kitchen Bedroom Bedroom EPC

/ 7

Property details

Last sold

£129,950

Local average

£198,304 (-34.5%)

Deprivation

Decile 6 (17,923 of 33,755)

Street crime

485 incidents within 1 mile (Apr 2026)

Key features

EPC Rating
Three Bedroom
Popular Investing Area
Spacious Room Sizes
Mid Terrace
Gas Central Heating
Double Glazing

Additional details

Parking: Yes
Garden: Yes

Description

We are pleased to offer for sale this THREE BEDROOM, TERRACED house situated in the busy WEST END of Lincoln. The accommodation briefly comprises an entrance hall, lounge, dining room, kitchen and bathroom/WC on the ground floor, whilst to the first floor there are THREE DOUBLE BEDROOMS. Outside is a patio area to the rear and we are advised that there are parking spaces available which we understand can be obtained through Lincoln City Council but no documentation is held on file to confirm this. . The property benefits from double glazing where stated and no upward chain. Viewing is highly recommended to appreciate all that this property has to offer. A copy of the EPC will be available on request. EPC Ratings is D
LocationThis property is situated within the popular West End area of the city, having access to Lincoln city centre. There are multiple amenities including shops, restaurants, bars, and the Brayford Pool area having a selection of hotels, restaurants and bars overlooking the water side. Also, this property is in a prime location for lettings due to its proximity to Lincoln University.
Our ViewThe property is positioned in a popular city location, providing great access to a variety of local shopping facilities. On internal inspection, you will discover that the room sizes are generously proportioned.The kitchen boasts a wealth of complimentary work surface space, featuring a range of fitted wall and base units, as well as an integral cooker and hob. Adjoining the entrance hall way is a well-sized living room and a dining room which benefits from good window aspects, allowing plenty of light into the property. The bathroom/WW is located to the rear of the property. Access to the rear garden is provided from the kitchen.Upstairs, there are three double bedrooms located to the front and rear aspects respectively, all of which offer ample floor space for additional storage options where required.Outside, there are parking spaces available through Lincoln City Council and a rear patio area to enjoy.
EntranceLiving Room 11' 9" x 11' 7" (3.58m x 3.53m )
Dining Room 11' 7" x 11' 5" (3.53m x 3.48m )
Kitchen 5' 9" x 11' 6" (1.75m x 3.51m )
Bathroom / WCBedroom 11' 6" x 12' 0" (3.51m x 3.66m )
Bedroom 12' 0" x 7' 1" (3.66m x 2.16m )
Bedroom 7' 8" x 8' 8" (2.34m x 2.64m )
OutsidePatio Area

DirectionsAs you head out of Lincoln on Carholme Road, turn right onto Moor Street. Take your first left onto Drake Street. The property can be found on the right hand side marked by a Your Move Board.
IMPORTANT NOTE TO PURCHASERS:We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
F!

Listed by

Lincoln

National Home Move - LSL Franchise

Reference: 33972240

EPC ratings on this postcode

We don't have a matched EPC for this property yet. Below are efficiency scores and details for other addresses on this postcode.

Address	Current	Potential	Floor area	Age band	Type
1 Drake Street, LINCOLN	73	82	149 m²	England and Wales: 1900-1929	Detached
1, Drake Street, LINCOLN	54	82	93 m²	England and Wales: before 1900	Detached
10, Drake Street, LINCOLN	63	88	70 m²	England and Wales: 1900-1929	Terraced
12, Drake Street, LINCOLN	60	80	76 m²	England and Wales: before 1900	Terraced
13, Drake Street, LINCOLN	62	87	80 m²	England and Wales: before 1900	Terraced
14, Drake Street, LINCOLN	57	78	76 m²	England and Wales: 1900-1929	Terraced
16, Drake Street, LINCOLN	64	87	79 m²	England and Wales: before 1900	Terraced
17, Drake Street, LINCOLN	58	84	81 m²	England and Wales: 1900-1929	Terraced
18, Drake Street, LINCOLN	63	86	73 m²	England and Wales: before 1900	Terraced
19, Drake Street, LINCOLN	63	82	91 m²	England and Wales: before 1900	Terraced
2 Drake Street, LINCOLN	71	83	108 m²	England and Wales: 1900-1929	Terraced
20 DRAKE STREET, LINCOLN, LINCOLN	57	89	75 m²	England and Wales: before 1900	Terraced
21, Drake Street, LINCOLN	60	83	76 m²	England and Wales: before 1900	Terraced
22, Drake Street, LINCOLN	49	80	79 m²	England and Wales: 1900-1929	Terraced
23, Drake Street, LINCOLN	59	82	82 m²	England and Wales: 1900-1929	Terraced

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Floorplans

Floorplan 1

Price history

160% since 2001

Event	Date	Price	% change
Sold	01/01/2015 (11 years ago)	£129,950	+159.9%
Sold	01/01/2001 (25 years ago)	£50,000	—

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
108 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SP	£105,000	16/12/2025	Terraced
170 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SE	£158,000	10/12/2025	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
Same street 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
95 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD	£135,000	06/04/2023	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
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
Same street 1 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£211,000	16/01/2023	Semi-detached
6 ANGELICA ROAD, LINCOLN, LINCOLNSHIRE, LN1 1AY	£240,000	20/12/2022	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
Same street 36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£155,000	12/10/2022	Terraced
26 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX	£170,000	23/09/2022	Terraced
101 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1RT	£240,000	22/09/2022	Terraced
Same street 49 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£226,000	05/09/2022	Semi-detached
Same street 35 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£221,036	17/06/2022	Terraced

Street average: £212,229 (5 sales)

Area average: £203,650 (20 sales)

Capital growth trend

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

5y growth -3.4%

10y growth -3.7%

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: £673/mo (Apr 2025 – Mar 2026)

Location

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

Address

Drake Street

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	0.3 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	11.2 miles

Street-level crime

Category	Count
Anti-social behaviour	150
Violence and sexual offences	124
Shoplifting	57
Public order	37
Other theft	29
Criminal damage and arson	20
Robbery	15
Bicycle theft	13
Drugs	12
Burglary	9
Vehicle crime	7
Other crime	6
Possession of weapons	4
Theft from the person	2
Total incidents	485

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	0.5 miles	— (No rating)
University of Lincoln	Other	0.5 miles	— (No rating)
Westgate Academy	Primary	0.6 miles	Good — 14 Jul 2016

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 Flat, Princess Street, LN5	£995/mo	3	0.93 miles	OpenRent

Average rent: £995/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.77%

Max investor price (0.8%) £124,375

Target investor price (1%) £99,500

Gross yield 9.2%

Cost-to-rent ratio 10.9×

Monthly cashflow £359/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 11.4%

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).

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