# 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 | | Last sold | £98,000 May 2006 | ## 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! ## 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 | | 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 | | 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.* ## 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)