Eastgate House, Wragby Road, Lincoln, Lincolnshire, LN2 5SL
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Eastgate House, Wragby Road, Lincoln, Lincolnshire, LN2 5SL

By Brown&CoJHWalter

£ 1,150,000

Reviews

3 out of 5 stars

Brown&CoJHWalter says ..

Substantial period property - Extending to around 17,000 sq ft - Situated in prime uphill Lincoln - Extensive mature grounds - Suitable for redevelopment subject to any relevant planning consent

Property Oracle says ..

Eastgate House, located in the highly desirable Uphill Lincoln area, presents a unique opportunity. This substantial period property, extending to around 17,000 sq ft, boasts a prime location close to Lincoln Cathedral and multiple schools, including the highly-rated The Lincoln St Peter-In-Eastgate Church of England Infants School and Lincoln Minster School. The property shows its age through external photos, however appears structurally sound and habitable. The extensive mature grounds further add to its appeal, though the precise plot size is unfortunately not provided. The provided photos show the property as a large substantial property that would likely benefit from extensive modernisation work. The list price of £1,150,000 requires careful consideration. While the location and size are undeniably advantageous, the age and the likely renovation needs should be factored into any purchasing decision. A comprehensive survey would be essential before making any significant commitment. Compared to other properties in the area, it’s worth considering if it’s over-priced. While the location is strong and there’s potential, potential buyers should not overlook the substantial refurbishment works needed and weigh up the price against this. The lack of bedroom and bathroom details makes the property challenging to assess accurately in terms of pricing, however given the lack of specific comparable properties nearby, the price should be considered with caution. A thorough professional inspection is crucial before proceeding with a purchase. Considering the size and location, the property may represent excellent value for money should potential renovation costs be factored into the overall price.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
0
Bathrooms
0
Sqft (est)
15,258.80
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Metrics YoY

Area value
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Rental value
20 £
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Rental Yield
20 %
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Crime Rate
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Agent Activity

  • Brown&CoJHWalter marked this listing as sold.

  • Brown&CoJHWalter created the listing.

Nearby Schools

NameTypeOfstedDistance
The Lincoln St Peter-In-Eastgate Church Of England (Controlled) Infants SchoolVoluntary Controlled SchoolOutstanding0.23 KM
Lincoln Minster SchoolOther Independent School0.23 KM
Lincoln CollegeFurther EducationGood0.54 KM
Lincoln UtcUniversity Technical CollegeGood0.67 KM
Lincoln Abbey Children'S CentreChildren's Centre0.69 KM

Images

Photo 3 Photo 1 Photo 2 Photo 4 Photo 6 Photo 7 Photo 10

Nearby Streets

NameAverage PriceAverage SqftDistance
The Cloisters £ 230,00000.00 KM
Woodland View £ 214,95000.00 KM
John Street £ 110,00000.00 KM
Thomas Street £ 124,97500.00 KM
Montague Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lincoln6340LCN1.54 KM
Hykeham6310HKM9.03 KM

Nearby Listings

AddressPriceTypeScoreDistance
Eastgate House, Wragby Road, Lincoln, Lincolnshire, LN2 5SL £ 1,150,000BUY6 / 100.00 KM
Lindum Terrace, Lincoln £ 1,200,000BUYUnknown0.18 KM
Hillside House, Lindum Terrace, Lincoln, Lincolnshire, LN2 5RW £ 750,000BUY6 / 100.21 KM
Wragby Road, Lincoln £ 130,000BUY4 / 100.23 KM
Stanway House, Greetwell Road, Lincoln, Lincolnshire, LN2 4AQ £ 1,150,000BUY7 / 100.25 KM

Nearby Properties

AddressPriceDistance
5 Princess Royal Close £ 316,0000.07 KM
4 Princess Royal Close £ 420,0000.07 KM
28 The Cloisters £ 157,0000.13 KM
12 The Cloisters £ 175,5000.13 KM
5 The Cloisters £ 275,0000.13 KM