# 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

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.

## 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 |
| 2 NEWSUMS VILLAS, LINCOLN, LINCOLNSHIRE, LN1 1SQ | £330,000 | 02/12/2022 | Semi-detached |
| 12 ROSEBERY AVENUE, LINCOLN, LINCOLNSHIRE, LN1 1ND | £385,000 | 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)