Average Rent, House Prices and Buy-to-Let Yield in Lincoln (July 2026)
The average private rent in Lincoln is £944 a month (ONS, July 2026) and the average house price £183,298 (HM Land Registry, June 2026): a gross yield of 6.2%, ranked 9 of 316 local authorities.
Rent in Lincoln
The average private rent across all property types is £944 a month (+5.3% on a year earlier). The regional median in the East Midlands is £857.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £661 | £7,932 a year |
| 2 bedrooms | £830 | £9,960 a year |
| 3 bedrooms | £992 | £11,904 a year |
| 4+ bedrooms | £1,361 | £16,332 a year |
The bedroom ladder in Lincoln: one to two bedrooms adds 25.6% to the rent, two to three adds 19.5% and three to four-plus adds 37.2% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Lincoln
The average price paid is £183,298 (-0.5% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £303,854 |
| Semi-detached | £203,901 |
| Terraced | £157,811 |
| Flat | £105,144 |
Rents are outrunning prices in Lincoln. Rents moved +5.3% over the year against −0.5% for prices — a gap of 5.8 points that lifts the gross yield a buyer sees today. Lincoln ranks 102nd of 316 local authorities for rent growth and 262nd of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Lincoln
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £830 | £105,144 | 9.5% | 7.5% |
| Terraced house | £992 | £157,811 | 7.5% | 5.7% |
| Semi-detached | £992 | £203,901 | 5.8% | 4.6% |
| Detached | £1,361 | £303,854 | 5.4% | 4.1% |
On these pairings the strongest gross yield in Lincoln is on flats at 9.5%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 6.2% (rent × 12 ÷ price) — rank 9 of 316 local authorities; the regional median is 4.2%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £28,320 a year for the average rent.
- EPC before 2030: 39% of EPCs lodged in Lincoln over the last year were below band C — the level a rented home needs by 1 October 2030 — with 35% at D (EPC ratings in Lincoln).
- Council tax: Band D in Lincoln is £2,323 for 2026/27, and the council charges a 100% second-home premium (council tax in Lincoln).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £944 supports a loan of about £142,044, which is 77.5% of the average price. That clears a 75% loan-to-value purchase on the rent alone. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Lincoln
- Yield calculator with £183,298 and £944 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £944 a month
- Rental income tax on £11,328 a year of rent
Nearest neighbours by yield, in the East Midlands
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Nottingham | £1,011 | £192,172 | 6.3% | +2.3% |
| Leicester | £1,024 | £228,618 | 5.4% | +2.3% |
| Boston | £803 | £180,778 | 5.3% | +1.1% |
| Derby | £857 | £204,016 | 5% | +2.4% |
| Ashfield | £793 | £190,024 | 5% | +5% |
| Mansfield | £788 | £192,359 | 4.9% | +4% |
All 316 areas ranked · council tax in Lincoln · EPC ratings in Lincoln.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£944 a month across all property types (ONS Price Index of Private Rents, July 2026), up 5.3% on a year earlier.
£183,298 (HM Land Registry UK House Price Index, June 2026).
About 6.2% gross on the averages — £944 rent against a £183,298 price — ranking 9 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 9.5% gross (£830 rent on a £105,144 price), against an England-and-Wales median of 7.5% for that type.
Rents +5.3% against prices −0.5% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £28,320 a year of household income for the average home; the affordability calculator shows 24× and 36× too.
Postcode districts in Lincoln
Council tax bands, sold prices and build periods for each district — all LN postcodes.