Sold Terraced

Drake Street

West End, Lincoln, LN1 1PP

3 beds Listed 14 Jul 2006 (-7274d)

£100,000

Guide Price

Save

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

## Property Details

| Key | Value |
|-----|-------|
| Address | Drake Street, West End, Lincoln, LN1 1PP |
| Price | £100,000 |
| Bedrooms | 3 |
| Last sold | £115,000 |

## Description

For Sale BY AUCTION AT YORK RACECOURSE ON 28TH SEPTEMBER 2006, Starkey & Brown are pleased to offer for sale this period bay fronted terrace house. Accommodation comprises of 3 bedrooms & shower room to 1st floor, whilst downstairs offers a private entrance passage, hallway, lounge, dining room, kitchen, rear lobby & 3 piece bathroom. Additional benfits include gas central heating & garden to rear aspect. We are advised by the vendor that the property is to be offered CHAIN FREE!!! Call today to view!!

## Property Photos

- ![front](/listings/photos/4756200/451310) - front

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
|  | £115,000 | 01/01/2006 | — |
|  | £42,000 | 01/01/1999 | — |

## 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 |
| 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 |
| 95 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD | £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:** -49.6%

## 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:** 1% (strong)
- **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:** 11.9%
- **Cost-to-rent:** 8.4×
- **Monthly cashflow:** £477/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 19.7%

*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:** -2.4%
- **10y growth:** -5.5%

## 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)

front

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Property details

Last sold

£115,000

Local average

£198,304 (-49.6%)

Deprivation

Decile 6 (17,923 of 33,755)

Street crime

485 incidents within 1 mile (Apr 2026)

Key features

Period Bay Fronted House
West End Location
3 Bedrooms
2 Receptions & Kitchen
Bathroom & Shower Room
GCH
Rear Garden
Chain Free!!

Description

Listed by

Lincoln

Starkey & Brown

Reference: 4756200

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)

Price history

174% since 1999

Event	Date	Price	% change
Sold	01/01/2006 (20 years ago)	£115,000	+173.8%
Sold	01/01/1999 (27 years ago)	£42,000	—

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
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
95 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QD	£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 -2.4%

10y growth -5.5%

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 1%

Max investor price (0.8%) £124,375

Target investor price (1%) £99,500

Gross yield 11.9%

Cost-to-rent ratio 8.4×

Monthly cashflow £477/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 19.7%

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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