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2 bed house for sale Ellison Street, Lincoln, LN5

Asking price

£140,000

Added on 23/09/2026

Type: Terraced
Bedrooms: 2
Tenure: Freehold

About this property

GUIDE PRICE £140,000 - £150,000 - this well-presented two bedroom home is ideal for first-time buyers or investors. Conveniently located close to Newark Road with excellent transport links, local amenities and an enclosed rear courtyard.

GUIDE PRICE £140,000 - £150,000

An excellent opportunity for first-time buyers or investors, this well-presented two bedroom mid-terraced home is offered to the market with no onward chain and enjoys a convenient position just off Newark Road, providing easy access to Lincoln City Centre, excellent transport links and a wide range of local amenities.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,559
Band B

£1,818
Band C

£2,078
Band D

£2,338
Band E

£2,857
Band F

£3,377
Band G

£3,896
Band H

£4,676

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In North Kesteven, 2026/27 bills run from £1,559 a year in band A to £4,676 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across North Kesteven, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

46 comparables · within 2.8 miles

Cheaper than 87% of the 2-bed houses for sale nearby right now.

This home, £140,000 Median £175,000 · £135,000 – £217,500

Compared with 46 2-bed houses for sale within 2.8 miles, on the market now or already under offer. The range is the middle 80% of their asking prices.

Location

Ellison Street, Lincoln, LN5

Open map Street View

Mortgage and stamp duty

Property price £140,000

£70k £210k

Deposit10% £14,000

£0 £140k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £126,000 mortgage. Most lenders would want a household income of about £28,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
38, Ellison Street Terraced	Terraced	Jun 2026	592 sq ft £180/sq ft	592 sq ft	£180	£106,500
10, Ellison Street Terraced	Terraced	Jun 2025	603 sq ft £202/sq ft	603 sq ft	£202	£122,000
25, Ellison Street Terraced	Terraced	Nov 2024	570 sq ft £219/sq ft	570 sq ft	£219	£125,000
33, Ellison Street Terraced	Terraced	Oct 2024	570 sq ft £161/sq ft	570 sq ft	£161	£92,000
23, Ellison Street Terraced	Terraced	Oct 2023	732 sq ft £175/sq ft	732 sq ft	£175	£128,000
26, Ellison Street Terraced	Terraced	Oct 2022	646 sq ft £172/sq ft	646 sq ft	£172	£111,011
40, Ellison Street Terraced	Terraced	Oct 2020	603 sq ft £134/sq ft	603 sq ft	£134	£81,000
23, Ellison Street Terraced	Terraced	Oct 2020	732 sq ft £143/sq ft	732 sq ft	£143	£105,000