Summary - 12 STANLEY STREET LINCOLN LN5 8NG
2 bed 1 bath Terraced
Ideal renovation project with clear scope for added value and rental potential.
Two double bedrooms with lounge and separate dining room
Set on Stanley Street, this Victorian mid-terrace offers straightforward accommodation across two floors: lounge, separate dining room, kitchen, ground-floor bathroom and two double bedrooms upstairs. The property is chain-free and sold by modern auction, making it suitable for buyers who can proceed quickly and budget for refurbishment.
The house needs modernising throughout—cosmetic updating, garden clearance and possible reconfiguration will unlock most of its value. There is double glazing, mains gas boiler and radiators in place, but walls are likely solid-brick without insulation; buyers should budget for energy improvements. The rear garden is long but narrow and will need clearing before landscaping or entertaining use.
Practical considerations: on-street parking only, small overall footprint (approx. 755 sq ft), and the local area is relatively deprived with higher crime levels than average. Auction purchase includes a Buyer Information Pack and a non-refundable reservation fee (4.5% of purchase price, minimum £6,600) plus a pack fee of £300; allow for these costs when calculating affordability. Schools and local amenities are nearby, and broadband and mobile signal are good—appealing for first-time buyers or investors prepared to renovate.
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