Meadow Drive, Binbrook, LN8

East Midlands

£265,000

Listed on 12/02/2026

Property Details

Bedrooms

Type

Detached house

Area

1140 sqft

Description

This modern detached house, situated in a sought-after Wolds village, presents a significant renovation opportunity. The spacious layout includes an entrance hall, WC, lounge, dining room, conservatory, kitchen, utility space, four bedrooms with an ensuite and a bathroom. Externally, the property benefits from gardens, a garage, and a driveway. With no onward chain, this residence is primed for transformation into a desirable family home. Its current condition invites creative improvements that can enhance its value in this attractive location.

Investment Analysis

(LN8 area)

Above Market Value

This property is priced +3.6% above area average per sq ft

+3.6%

This Property

£232/sq ft

Area Average

£224/sq ft

Avg Rent (weekly)

£201

Avg Yield

3.2%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£25,000 - £45,000

Target Value

£281,460

10% above area average per sq ft

Potential ROI

-9.2%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

23%

Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.2% over the last 12 months

3 year growth: -3.7%

5 year growth: +13.9%

Investment Disclaimer: Analysis based on LN8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Meadow Drive, Binbrook, LN8

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments

£956

Based on a loan of £198,750 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Similar Properties

Meadow Drive, Binbrook, LN8

Property Details

Description

Investment Analysis

Above Market Value

Renovation Potential

Local Market Trend (LN8)

Location

Mortgage Calculator

Next Steps

Get help with this property

Next Steps

Get help with this property

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