Lincoln Terraced at £160,000 — A Data-First Look
A terraced property on Kingsway in Lincoln, LN5, carries an asking price of £160,000 and is being offered at auction. The listing arrives with three signals attached — relisted, reduced, and auction — indicating the property has not sold at its original asking price through a conventional listing. Bedroom count, tenure, and yield figures are absent from the available data; buyers would need to establish these independently before proceeding. At £160,000, the asking price is the primary data point available for any initial comparison of this terraced home in this part of Lincoln.
What the listing shows
The property type is terraced and it sits on Kingsway within the LN5 postcode area. All three listing signals — relisted, reduced, and auction — point to a marketing history in which the property has returned to market, been repriced downward, and is now offered through an auction format. The reduced signal confirms a lower asking price than originally listed, though no previous figure is available in the listing data. Tenure details are not recorded in the available information.
Auction listings operate under different legal conditions to private treaty sales. Exchange of contracts typically occurs at the fall of the hammer, which means survey work, title searches, and finance arrangements must be in place before bidding opens.
The numbers at a glance
| Metric | Detail |
|---|---|
| Asking price | £160,000 |
| Property type | Terraced |
| Postcode area | LN5, Lincoln |
| Listing signals | Relisted, reduced, auction |
Bedroom count, gross yield, return on capital employed, and tenure are not recorded in the available listing data. Each of these metrics would need to be confirmed through the auction legal pack or direct enquiry before any offer or bid is placed.
How this area compares
Lincoln is the county town of Lincolnshire in the East Midlands region of England. The LN5 postcode covers residential areas to the south and south-west of the city centre, which is anchored by a historic cathedral quarter and a growing university campus. The University of Lincoln has contributed to sustained demand within the private rented sector across several city postcodes. Kingsway sits within a residential corridor with access to the city centre.
Without comparable price or yield data included in the listing, buyers would need to carry out their own research to benchmark £160,000 against other terraced homes currently or recently listed in LN5.
What to check before viewing
For any auction property, the legal pack is the essential starting point. It will contain the title register, special conditions of sale, local authority search results, and any existing tenancy documentation. Confirm whether the property is freehold or leasehold; if leasehold, obtain the remaining lease length and details of any annual service charges or ground rent. Commission a survey before the auction date, not after, as a winning bid creates a legally binding contract. Establish the bedroom count and floor area independently to allow an accurate yield calculation if the property is being considered for the rental market. Check the planning history and any building regulations certificates attached to the address.
The £160,000 asking price on a relisted, reduced, and auction-flagged terraced property in LN5 presents a specific due diligence context. The absence of bedroom, yield, and tenure data in the listing means buyers must source those figures from the legal pack and their own comparables research before committing to a bid.
See the actual listing
Direct link to the current property listing. Check the live listing for up-to-date price and availability before viewing.