Sold STC Semi-detached

43 DRAKE STREET

LINCOLN, LINCOLNSHIRE LN1 1PP

3 beds 1 baths 872 sq ft Listed 4 Sep 2018 (-2820d)

£169,950

Reduced on 14 Feb 2019

Save

# 3 bedroom semi-detached house for sale (LN1 1PP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 43 DRAKE STREET, LINCOLN, LINCOLNSHIRE LN1 1PP |
| Price | £169,950 |
| Bedrooms | 3 |
| Bathrooms | 1 |
| Construction age | England and Wales: 1996-2002 |
| Floor area | 81 m² |
| Last sold | £165,000 Jul 2019 |

## EPC Rating & Upgrade Cost

- **Current rating:** E
- **Potential rating:** B
- **Current heating cost:** £1,324/year
- **Est. upgrade cost to C:** £16,500

### Recommendations
- W2 (£4,000 - £6,000)
- L2 (£1,600 - £2,400)
- 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/9330-2578-3000-2500-4035)

## Description

**Entrance** - The property is entered via a partly glazed door to the front elevation leading into the entrance hall with stairs to the first floor landing.

**Lounge** - 5.21m x 3.84m (17'1 x 12'7) - With window to the front elevation, electric panel heater, tv point and understairs storage cupboard.

**Kitchen Diner** - 4.88m x 3.02m (16' x 9'11) - With window to the rear elevation, door through to the conservatory, range of base and eye level units with worktop, tiled splashback, sink, plumbing for washing machine and dishwasher, cooker space and electric panel heater.

**Conservatory** - 4.32m x 2.77m (14'2 x 9'1) - Brick based construction with upvc windows and french doors to the garden.

**First Floor Landing** - With stairs taken from the entrance hall and airing cupboard.

**Bedroom 1** - 3.91m x 3.20m (12'10 x 10'6) - With window to the front elevation, electric panel heater and storage cupboard.

**Bedroom 2** - 3.05m x 2.77m (10' x 9'1) - With window to the rear elevation and electric panel heater.

**Bedroom 3** - 3.05m x 2.06m (10' x 6'9) - With window to the rear elevation and electric panel heater.

**Bathroom** - 2.26m x 1.65m (7'5 x 5'5) - With window to the side elevation, panelled bath with electric shower, pedestal wash basin and low level wc.

**Outside** - To the front of the property there is a small lawned garden with a driveway extending to the side of the property. The rear garden is mainly laid to lawn with a paved patio area and is enclosed by a brick wall and wooden fencing.

**Agents Note** - These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

## Property Photos

- ![Photo](/listings/photos/75384890/451135)
- ![Kitchen Diner](/listings/photos/75384890/451136) - Kitchen Diner
- ![Outside](/listings/photos/75384890/451141) - Outside
- ![Conservatory](/listings/photos/75384890/451146) - Conservatory
- ![Lounge](/listings/photos/75384890/451151) - Lounge
- ![Conservatory](/listings/photos/75384890/451155) - Conservatory
- ![Bedroom 1](/listings/photos/75384890/451157) - Bedroom 1
- ![Bedroom 2](/listings/photos/75384890/451161) - Bedroom 2
- ![Bedroom 3](/listings/photos/75384890/451164) - Bedroom 3
- ![Bathroom](/listings/photos/75384890/451168) - Bathroom

## Floorplans

- ![Floorplan 1](/listings/photos/75384890/451170) - Floorplan 1

## EPC Graphs

- ![EE Rating](/listings/photos/75384890/451175) - EE Rating
- ![EI Rating](/listings/photos/75384890/451178) - EI Rating

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #13779773
- **Address:** 43 Drake Street, LINCOLN, LN1 1PP
- **Certificate Issued:** 06/10/2019
- **Work Completed:** 14/09/2019
- **Items:** 1 window(s), 1 door(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 43 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £165,000 | 26/07/2019 | Semi-detached |

## Sold Comparables

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 30 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL | £220,000 | 05/12/2025 | Semi-detached |
| 185 WEST PARADE, LINCOLN, LINCOLNSHIRE, LN1 1QS | £260,000 | 05/09/2025 | Semi-detached |
| [Same street] 3 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £248,110 | 16/07/2025 | Terraced |
| 20 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1AZ | £210,000 | 24/01/2025 | Semi-detached |
| 77 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SN | £145,000 | 17/10/2023 | Semi-detached |
| 19 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL | £135,000 | 18/08/2023 | Semi-detached |
| 34 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL | £230,000 | 07/08/2023 | Semi-detached |
| 112 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR | £202,000 | 19/04/2023 | Semi-detached |
| 33 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ | £185,000 | 22/03/2023 | Semi-detached |
| [Same street] 1 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £211,000 | 16/01/2023 | Semi-detached |
| 12 ROSEBERY AVENUE, LINCOLN, LINCOLNSHIRE, LN1 1ND | £385,000 | 02/12/2022 | Semi-detached |
| 2 NEWSUMS VILLAS, LINCOLN, LINCOLNSHIRE, LN1 1SQ | £330,000 | 02/12/2022 | Semi-detached |
| [Same street] 36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £155,000 | 12/10/2022 | Terraced |
| 26 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ | £165,000 | 12/09/2022 | Semi-detached |
| [Same street] 49 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £226,000 | 05/09/2022 | Semi-detached |
| 26 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ | £170,000 | 05/09/2022 | Semi-detached |
| 85 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SN | £160,000 | 14/07/2022 | Semi-detached |
| [Same street] 35 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £221,036 | 17/06/2022 | Terraced |
| 18 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ | £155,000 | 28/02/2022 | Semi-detached |
| 22 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1AZ | £230,000 | 08/02/2022 | Semi-detached |
| 30 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL | £209,000 | 14/01/2022 | Semi-detached |
| 44 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR | £140,000 | 21/12/2021 | Semi-detached |
| 148 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SH | £163,000 | 25/11/2021 | Semi-detached |
| 132 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SH | £175,000 | 10/09/2021 | Semi-detached |
| 125 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £129,000 | 27/08/2021 | Semi-detached |

**Street average:** £212,229 (5 sales)
**Area average:** £199,900 (20 sales)

## Price vs local average

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

- **Local average:** £230,562 (23 Semi-detached, LN1, 2024–2026)
- **Deviation:** -26.3%

## 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 | 0.92 miles | OpenRent |

**Average rent: £995/mo (1 listing)**

## 1% Rule

- **Rent ratio:** 0.59% (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:** 7%
- **Cost-to-rent:** 14.2×
- **Monthly cashflow:** £201/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4.9%

*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:** £2,098/m²

## Capital growth trend

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

- **5y growth:** 11%
- **10y growth:** 22.2%

## House Price Index (HM Land Registry)

*Official index for Lincoln; Semi-detached series; as of February 2026.*

- **1y growth (index):** 1.5%
- **5y growth (index):** 18.5%
- **10y growth (index):** 41.7%

## 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 Kitchen Diner Outside Conservatory Lounge Conservatory Bedroom 1 Bedroom 2 Bedroom 3 Bathroom

/ 10

Property details

Floor area

81 m²

EPC rating

Year built

England and Wales: 1996-2002

Last sold

£165,000 Jul 2019

Price per m²

£2,098/m²

Local average

£230,562 (-26.3%)

Deprivation

Decile 6 (17,923 of 33,755)

Street crime

585 incidents within 1 mile (Mar 2026)

Key features

Semi Detached house
Three Bedrooms
17ft Lounge
16ft Kitchen Diner
Driveway & Gardens
Cul De Sac Location
No Chain
EPC Grade D

Additional details

Parking: Yes
Garden: Yes

Description

Offered for sale with no chain this spacious semi detached located in a desirable West End cul de sac has accommodation comprising of entrance hall, 17ft lounge, 16ft kitchen diner, conservatory, first floor landing, three bedrooms and bathroom. The property benefits from upvc double glazing, has electric heating and is well presented throughout. Outside there is ample off street parking and a good sized rear garden completing the property.

Entrance - The property is entered via a partly glazed door to the front elevation leading into the entrance hall with stairs to the first floor landing.

Lounge - 5.21m x 3.84m (17'1 x 12'7) - With window to the front elevation, electric panel heater, tv point and understairs storage cupboard.

Kitchen Diner - 4.88m x 3.02m (16' x 9'11) - With window to the rear elevation, door through to the conservatory, range of base and eye level units with worktop, tiled splashback, sink, plumbing for washing machine and dishwasher, cooker space and electric panel heater.

Conservatory - 4.32m x 2.77m (14'2 x 9'1) - Brick based construction with upvc windows and french doors to the garden.

First Floor Landing - With stairs taken from the entrance hall and airing cupboard.

Bedroom 1 - 3.91m x 3.20m (12'10 x 10'6) - With window to the front elevation, electric panel heater and storage cupboard.

Bedroom 2 - 3.05m x 2.77m (10' x 9'1) - With window to the rear elevation and electric panel heater.

Bedroom 3 - 3.05m x 2.06m (10' x 6'9) - With window to the rear elevation and electric panel heater.

Bathroom - 2.26m x 1.65m (7'5 x 5'5) - With window to the side elevation, panelled bath with electric shower, pedestal wash basin and low level wc.

Outside - To the front of the property there is a small lawned garden with a driveway extending to the side of the property. The rear garden is mainly laid to lawn with a paved patio area and is enclosed by a brick wall and wooden fencing.

Agents Note - These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Listed by

Lincoln

The Property Franchise Group

Reference: 75384890

EPC Rating & Upgrade Cost

Current rating: E

Potential rating: B

Inspection date: 08/10/2020

Current heating cost: £1,324/year

Potential heating cost: £707/year

Est. upgrade cost to C: £16,500

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

Recommendations

Floor insulation (solid floor) (£4,000 - £6,000)
High heat retention storage heaters and dual immersion cylinder (£1,600 - £2,400)
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)

Floorplans

Floorplan 1

EPC Graphs

EE Rating

EI Rating

FENSA Certificates

This property has 1 FENSA certificate(s) on record, indicating window/door installations by FENSA-approved installers.

FENSA Certificate #13779773

Property Details

Street: 43 Drake Street

Town: LINCOLN

Postcode: LN1 1PP

Installation Details

Items: 1 window and 1 door

Certificate Issued: 06/10/2019

Work Completed: 14/09/2019

This certificate data was retrieved from FENSA's database

What is FENSA? FENSA (Fenestration Self-Assessment Scheme) is a government-authorised scheme that monitors building regulation compliance for replacement windows and doors. Certificates indicate that work was completed by FENSA-approved installers.

Price history

Event	Date	Price	% change
Sold	26/07/2019 (6 years ago)	£165,000	—

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
30 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL	£220,000	05/12/2025	Semi-detached
185 WEST PARADE, LINCOLN, LINCOLNSHIRE, LN1 1QS	£260,000	05/09/2025	Semi-detached
Same street 3 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£248,110	16/07/2025	Terraced
20 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1AZ	£210,000	24/01/2025	Semi-detached
77 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SN	£145,000	17/10/2023	Semi-detached
19 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL	£135,000	18/08/2023	Semi-detached
34 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL	£230,000	07/08/2023	Semi-detached
112 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR	£202,000	19/04/2023	Semi-detached
33 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ	£185,000	22/03/2023	Semi-detached
Same street 1 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£211,000	16/01/2023	Semi-detached
12 ROSEBERY AVENUE, LINCOLN, LINCOLNSHIRE, LN1 1ND	£385,000	02/12/2022	Semi-detached
2 NEWSUMS VILLAS, LINCOLN, LINCOLNSHIRE, LN1 1SQ	£330,000	02/12/2022	Semi-detached
Same street 36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£155,000	12/10/2022	Terraced
26 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ	£165,000	12/09/2022	Semi-detached
Same street 49 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£226,000	05/09/2022	Semi-detached
26 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ	£170,000	05/09/2022	Semi-detached
85 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SN	£160,000	14/07/2022	Semi-detached
Same street 35 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£221,036	17/06/2022	Terraced
18 SEVERN STREET, LINCOLN, LINCOLNSHIRE, LN1 1SJ	£155,000	28/02/2022	Semi-detached
22 IRIS CRESCENT, LINCOLN, LINCOLNSHIRE, LN1 1AZ	£230,000	08/02/2022	Semi-detached
30 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL	£209,000	14/01/2022	Semi-detached
44 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR	£140,000	21/12/2021	Semi-detached
148 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SH	£163,000	25/11/2021	Semi-detached
132 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SH	£175,000	10/09/2021	Semi-detached
125 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD	£129,000	27/08/2021	Semi-detached

Street average: £212,229 (5 sales)

Area average: £199,900 (20 sales)

Capital growth trend

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

5y growth 11%

10y growth 22.2%

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

1y (index) 1.5%

5y (index) 18.5%

10y (index) 41.7%

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

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	11.1 miles

Street-level crime

Category	Count
Violence and sexual offences	188
Anti-social behaviour	152
Shoplifting	83
Public order	51
Criminal damage and arson	30
Other theft	27
Drugs	17
Bicycle theft	8
Burglary	6
Robbery	6
Vehicle crime	6
Other crime	5
Possession of weapons	5
Theft from the person	1
Total incidents	585

Within 1 mile during Mar 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	0.92 miles	OpenRent

Average rent: £995/mo (1 listing)

Rent-driven metrics

Based on OpenRent comparables.

Rent ratio 0.59%

Max investor price (0.8%) £124,375

Target investor price (1%) £99,500

Gross yield 7%

Cost-to-rent ratio 14.2×

Monthly cashflow £201/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 4.9%

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).

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