Summary - 57 GAUNT STREET LINCOLN LN5 7PU
3 bed 1 bath Terraced
Chain-free auction lot with strong rental potential near central Lincoln.
Chain-free three-bedroom mid-terrace close to Lincoln city centre
Requires full modernisation: electrics, decoration, insulation likely needed
Two reception rooms, small rooms, total approx. 753 sq ft
Enclosed rear garden with passageway access; small plot
Solid brick Victorian build with original features and no wall insulation
Very high local crime level; consider security and insurance costs
Sold at auction — 5% non-refundable deposit and reservation fee apply
Good broadband and mobile signal; mains gas heating and double glazing
This compact three-bedroom mid-terrace in LN5 is offered chain free and sold at auction, presenting clear potential for investors or buyers prepared to renovate. The property is within easy walking distance of Lincoln city centre and nearby schools, making it attractive for rental demand. The house requires modernization throughout — upgrades to heating, insulation, electrics and cosmetic works will be needed to reach market rents or owner-occupation standards.
Built before 1900 with traditional solid brick walls and original period features, the layout includes two reception rooms, three bedrooms, a downstairs bathroom and a small enclosed rear garden with passageway access. Double-glazed windows and mains gas central heating are in place, but wall insulation is likely absent and some internal elements are dated. Room sizes are modest; the property suits tenants, couples or a small family if refurbished.
Buyers should note this is an online auction sale with immediate exchange options. Successful bidders pay a non-refundable 5% purchase deposit on exchange plus a reservation fee of up to 6% inc. VAT (minimum £7,200 inc. VAT). Legal and AML verification processes apply — review the legal pack and budget for auction fees and repair costs before bidding.
Despite a very high local crime level and a small overall plot, the house’s central location, strong broadband and mobile signal, and low running council tax give it practical rental appeal. Viewings are recommended for investors and renovators able to factor refurbishment and auction-related charges into their purchase plans.
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