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2 bedroom terraced house for sale
Henry Street, Lincoln, Lincolnshire, LN5
£119,950
Henry Street, Lincoln, Lincolnshire, LN5
£119,950
Price History
Initial price | £122,000 |
25/09/25 | £119,950 |
Price Change | -1.68% |
Description
This 2-bedroom terraced house is a freehold property with a current rent of £550 PCM (£6,600 annually) and has been occupied since July 2018. The property offers on-street parking and a rear yard space, making it an attractive option for tenants. The current yield is 5.5% gross, but with potential to increase to 8.6% gross if the rent is increased to match the citywide average of £856-£875 PCM. The property is expected to sell for around £122,000, in line with local comparables, and has seen significant capital growth over the past decade, with local terrace properties increasing in value by 47-53%. The rental market in Lincoln has also seen significant growth, with rents increasing by 68% over the past 5 years.