Sold Semi-detached

47 DRAKE STREET

LINCOLN, LINCOLN, LINCOLNSHIRE LN1 1PP

3 beds Listed 8 Feb 2007 (-7065d)

£134,950

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

## Property Details

| Key | Value |
|-----|-------|
| Address | 47 DRAKE STREET, LINCOLN, LINCOLN, LINCOLNSHIRE LN1 1PP |
| Price | £134,950 |
| Bedrooms | 3 |
| Last sold | £132,500 Apr 2007 |

## Description

A larger than average modern semi detached house situated within this popular West End location. Offering well appointed living accommodation comprising entrance hall, living room, fitted dining kitchen, double glazed conservatory, 3 bedrooms and bathroom. The property also benefits from double glazing and gas central heating. Outside there is a driveway and enclosed lawned garden.

## Property Photos

- ![Photo](/listings/photos/14211677/451268)

## FENSA Certificates

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

### FENSA Certificate #4976080
- **Address:** 47 Drake Street, LINCOLN, LN1 1PP
- **Certificate Issued:** 20/08/2007
- **Work Completed:** 23/07/2007
- **Items:** 4 window(s), 1 door(s)

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 47 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £132,500 | 05/04/2007 | Terraced |
| 47 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £124,950 | 26/01/2005 | Terraced |
| 47 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £59,000 | 16/11/2001 | Terraced |

## 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 |
| 20 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1ST | £175,000 | 08/12/2021 | 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 |

**Street average:** £212,229 (5 sales)
**Area average:** £202,200 (20 sales)

## Price vs local average

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

- **Local average:** £230,562 (23 Semi-detached, LN1, 2024–2026)
- **Deviation:** -41.5%

## 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:** 0.74% (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:** 8.8%
- **Cost-to-rent:** 11.3×
- **Monthly cashflow:** £339/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 10.4%

*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:** 28%
- **10y growth:** 36.4%

## House Price Index (HM Land Registry)

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

- **1y growth (index):** 1.7%
- **5y growth (index):** 17.7%
- **10y growth (index):** 42.4%

## 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)

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Property details

Last sold

£132,500 Apr 2007

Local average

£230,562 (-41.5%)

Deprivation

Decile 6 (17,923 of 33,755)

Street crime

485 incidents within 1 mile (Apr 2026)

Key features

Modern Semi Det House
3 Spacious Bedrooms
Large Living Room
Fitted Dining Kitchen
D/glazed Conservatory
Bathroom
D/glazing & Gas C/heating
Driveway & Gardens

Description

Listed by

Lincoln

Pygott & Crone

Reference: 14211677

EPC Rating & Upgrade Cost

Fetching EPC data… Refresh this page in a moment.

Flood risk

Zone: 1

Risk: Low

Job (default Low)

FENSA Certificates

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

FENSA Certificate #4976080

Property Details

Street: 47 Drake Street

Town: LINCOLN

Postcode: LN1 1PP

Installation Details

Items: 4 windows and 1 door

Certificate Issued: 20/08/2007

Work Completed: 23/07/2007

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

125% since 2001

Event	Date	Price	% change
Sold	05/04/2007 (19 years ago)	£132,500	+6%
Sold	26/01/2005 (21 years ago)	£124,950	+111.8%
Sold	16/11/2001 (24 years ago)	£59,000	—

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
20 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1ST	£175,000	08/12/2021	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

Street average: £212,229 (5 sales)

Area average: £202,200 (20 sales)

Capital growth trend

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

5y growth 28%

10y growth 36.4%

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

1y (index) 1.7%

5y (index) 17.7%

10y (index) 42.4%

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	11.2 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 0.74%

Max investor price (0.8%) £124,375

Target investor price (1%) £99,500

Gross yield 8.8%

Cost-to-rent ratio 11.3×

Monthly cashflow £339/mo 75% LTV, 3.95% APR (5yr fixed), 25yr term

Cash-on-cash ROI 10.4%

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).