Let Terraced

12 DRAKE STREET

LINCOLN, LINCOLN, LINCOLNSHIRE LN1 1PP

4 beds 1 baths 818 sq ft Listed 13 Nov 2025 (-196d)

£455 pcm

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# 4 bedroom terraced house for rent (LN1 1PP)

## Property Details

| Key | Value |
|-----|-------|
| Address | 12 DRAKE STREET, LINCOLN, LINCOLN, LINCOLNSHIRE LN1 1PP |
| Price | £455 pcm |
| Bedrooms | 4 |
| Bathrooms | 1 |
| Council tax | A |
| Construction age | England and Wales: before 1900 |
| Floor area | 76 m² |
| Last sold | £98,000 May 2006 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** C
- **Current heating cost:** £753/year
- **Est. upgrade cost to C:** £21,900

### Recommendations
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- G (£350 - £450)
- N (£4,000 - £6,000)
- U (£5,000 - £8,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0968-4907-6249-5848-7900)

## Description

You'll find each room tastefully furnished and designed to provide a comfortable living environment. Pricing for the rooms starts from just £105 per week, with three additional rooms available for rent, allowing you to choose the perfect space that fits your needs.

All bills are included in the price, which covers gas, water, electricity, internet, and even the TV license. This means you can concentrate on your studies and social life without worrying about unexpected costs!

The property maintains a homey vibe, complete with a stylishly furnished reception room where you can relax with friends, and a well-equipped kitchen ready for all your culinary adventures. There's also convenient on-street parking available for those who drive.

Don’t miss out on this fantastic opportunity to live in a friendly and vibrant community. Come and join the Student Housing family at 12 Drake Street, where comfort and location meet!

Book your viewing today, and imagine yourself making memories in this charming Lincoln home!

## Property Photos

- ![4708CDCD-D85A-4F1F-84D2-695FBD5463A7.JPG](/listings/photos/169314482/451271) - 4708CDCD-D85A-4F1F-84D2-695FBD5463A7.JPG
- ![4EFF1B98-0AAF-4CF3-B4A4-E51FCBF9A48F.JPG](/listings/photos/169314482/451272) - 4EFF1B98-0AAF-4CF3-B4A4-E51FCBF9A48F.JPG
- ![A3E644E5-E891-4D77-8BE2-7B3434B4A910.JPG](/listings/photos/169314482/451273) - A3E644E5-E891-4D77-8BE2-7B3434B4A910.JPG
- ![50AD8BDE-D6F7-46C3-9CB3-419AE617B3BD.JPG](/listings/photos/169314482/451275) - 50AD8BDE-D6F7-46C3-9CB3-419AE617B3BD.JPG
- ![IMG_0156.jpeg](/listings/photos/169314482/451279) - IMG_0156.jpeg
- ![IMG_0158.jpeg](/listings/photos/169314482/451282) - IMG_0158.jpeg
- ![IMG_0159.jpeg](/listings/photos/169314482/451288) - IMG_0159.jpeg
- ![IMG_0160.jpeg](/listings/photos/169314482/451290) - IMG_0160.jpeg

## Sales History

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

| Address | Price | Date | Type |
|---------|-------|------|------|
| 12 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £98,000 | 05/05/2006 | 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 |
|---------|-------|------|------|
| 108 CARHOLME ROAD, LINCOLN, LINCOLNSHIRE, LN1 1SP | £105,000 | 16/12/2025 | 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 |
| 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 |
| 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 |
| 3 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 |
| 3 MOOR STREET, LINCOLN, LINCOLNSHIRE, LN1 1PW | £205,000 | 28/11/2022 | Terraced |
| 286 WEST PARADE, LINCOLN, LINCOLNSHIRE, LN1 1NB | £350,000 | 07/11/2022 | Terraced |
| 36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP | £155,000 | 12/10/2022 | Terraced |
| 87 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QF | £205,000 | 10/10/2022 | 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 |
| 58 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR | £220,000 | 15/09/2022 | Terraced |
| 110 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR | £270,000 | 31/08/2022 | Terraced |
| 14 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL | £163,500 | 12/08/2022 | Terraced |

**Area average:** £189,681 (20 sales)

## Price vs local average

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

- **Local average:** £198,304 (58 Terraced, LN1, 2024–2026)
- **Deviation:** -99.8%

## 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):** £922/mo

## 1% Rule

- **Rent ratio:** 208.79% (strong)
- **Max investor price (0.8%):** £118,750
- **Target investor price (1%):** £95,000

*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 Area rent estimate.*

## Price per Square Metre

- **£/m²:** £6/m²

## Capital growth trend

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

- **5y growth:** 1.2%
- **10y growth:** 8%

## House Price Index (HM Land Registry)

*Official index for Lincoln; Terraced series; as of February 2026.*

- **1y growth (index):** 1.1%
- **5y growth (index):** 17.8%
- **10y growth (index):** 40.7%

## 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)

4708CDCD-D85A-4F1F-84D2-695FBD5463A7.JPG 4EFF1B98-0AAF-4CF3-B4A4-E51FCBF9A48F.JPG A3E644E5-E891-4D77-8BE2-7B3434B4A910.JPG 50AD8BDE-D6F7-46C3-9CB3-419AE617B3BD.JPG IMG_0156.jpeg IMG_0158.jpeg IMG_0159.jpeg IMG_0160.jpeg

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Property details

Floor area

76 m²

Council tax band

EPC rating

Year built

England and Wales: before 1900

Last sold

£98,000 May 2006

Price per m²

£6/m²

Local average

£198,304 (-99.8%)

Deprivation

Decile 6 (17,923 of 33,755)

Street crime

598 incidents within 1 mile (Mar 2026)

Key features

Close to the University of Lincoln
Student Accommodation
All Bills Included

Additional details

Parking: On street

Description

Welcome to 12 Drake Street, an inviting four-bedroom terraced house currently undergoing refurbishment! Perfectly suited for students, this delightful home is just a stone's throw away from the University of Lincoln, making your daily commute a breeze.

You'll find each room tastefully furnished and designed to provide a comfortable living environment. Pricing for the rooms starts from just £105 per week, with three additional rooms available for rent, allowing you to choose the perfect space that fits your needs.

All bills are included in the price, which covers gas, water, electricity, internet, and even the TV license. This means you can concentrate on your studies and social life without worrying about unexpected costs!

The property maintains a homey vibe, complete with a stylishly furnished reception room where you can relax with friends, and a well-equipped kitchen ready for all your culinary adventures. There's also convenient on-street parking available for those who drive.

Don’t miss out on this fantastic opportunity to live in a friendly and vibrant community. Come and join the Student Housing family at 12 Drake Street, where comfort and location meet!

Book your viewing today, and imagine yourself making memories in this charming Lincoln home!

Listed by

Lincoln

Lincoln Property Company LTD - SL

Reference: 169314482

EPC Rating & Upgrade Cost

Current rating: D

Potential rating: C

Inspection date: 06/11/2018

Current heating cost: £753/year

Potential heating cost: £596/year

Est. upgrade cost to C: £21,900

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

Recommendations

50 mm internal or external wall insulation (£4,000 - £14,000)
Floor insulation (suspended floor) (£800 - £1,200)
Upgrade heating controls (£350 - £450)
Solar water heating (£4,000 - £6,000)
Solar photovoltaic panels, 2.5 kWp (£5,000 - £8,000)

View full EPC on gov.uk

Flood risk

Zone: 1

Risk: Low

Job (default Low)

Price history

Event	Date	Price	% change
Sold	05/05/2006 (20 years ago)	£98,000	—

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
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
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
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
3 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
3 MOOR STREET, LINCOLN, LINCOLNSHIRE, LN1 1PW	£205,000	28/11/2022	Terraced
286 WEST PARADE, LINCOLN, LINCOLNSHIRE, LN1 1NB	£350,000	07/11/2022	Terraced
36 DRAKE STREET, LINCOLN, LINCOLNSHIRE, LN1 1PP	£155,000	12/10/2022	Terraced
87 NEWLAND STREET WEST, LINCOLN, LINCOLNSHIRE, LN1 1QF	£205,000	10/10/2022	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
58 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR	£220,000	15/09/2022	Terraced
110 ROMAN WHARF, LINCOLN, LINCOLNSHIRE, LN1 1SR	£270,000	31/08/2022	Terraced
14 DERWENT STREET, LINCOLN, LINCOLNSHIRE, LN1 1SL	£163,500	12/08/2022	Terraced

Area average: £189,681 (20 sales)

Capital growth trend

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

5y growth 1.2%

10y growth 8%

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

1y (index) 1.1%

5y (index) 17.8%

10y (index) 40.7%

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: £922/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	0.0 miles
Shop	P G Mitchell	0.1 miles
Shop	West End Food Store	0.1 miles
University	One Campus Way	0.2 miles
University	Village Hall	0.3 miles
Train station	Lincoln	0.8 miles
Train station	Hykeham	3.3 miles
Hospital	Welbourn Hall Nursing and Residential Home	11.1 miles

Street-level crime

Category	Count
Violence and sexual offences	192
Anti-social behaviour	156
Shoplifting	83
Public order	51
Criminal damage and arson	30
Other theft	28
Drugs	18
Bicycle theft	8
Burglary	8
Other crime	6
Robbery	6
Vehicle crime	6
Possession of weapons	5
Theft from the person	1
Total incidents	598

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	0.2 miles	Good — 26 Feb 2020
Lincolnshire Secure Unit	Other	0.4 miles	— (No rating)
University of Lincoln	Other	0.4 miles	— (No rating)
Westgate Academy	Primary	0.6 miles	Good — 14 Jul 2016

Rental Comparables

Rental listings exist nearby, but none matched the 4-bedroom estimate from EPC for this property.

Rent-driven metrics

Based on Area rent estimate.

Rent ratio 208.79%

Max investor price (0.8%) £118,750

Target investor price (1%) £95,000

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).