# 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

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.

**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.

F!

## 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 |
| 13 TENNYSON STREET, LINCOLN, LINCOLNSHIRE, LN1 1LZ | £280,000 | 12/10/2023 | Terraced |
| 29 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ | £195,000 | 12/10/2023 | Terraced |
| 22 HEWSON ROAD, LINCOLN, LINCOLNSHIRE, LN1 1RX | £335,000 | 12/05/2023 | 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 |
| 7 ALLISON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PX | £135,000 | 06/04/2023 | Terraced |
| 18 WELLINGTON STREET, LINCOLN, LINCOLNSHIRE, LN1 1PN | £172,500 | 05/04/2023 | Terraced |
| 127 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £120,000 | 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)