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Grantham Road, Bracebridge Heath

East Midlands

£250,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1273 sqft

Description

This detached bungalow offers a considerable opportunity for renovation and investment, nestled in the desirable village of Bracebridge Heath. With just one owner since its construction, this property sits on a spacious plot and features three generous double bedrooms, a lounge, kitchen diner, conservatory, and a bathroom. The layout includes a welcoming hallway that leads into the main living spaces. The lounge is bright with natural light from the double glazed bay window and features a gas fireplace, making it an inviting area to relax. The kitchen diner is equipped with essential appliances and has ample space for dining. It opens into the conservatory, which adds extra versatility to the home—ideal for use as a sunlit sitting area or playroom. Each of the three bedrooms comes with fitted wardrobes and large windows that enhance the feeling of space. The bathroom is reasonably sized and features necessary amenities; however, there is potential here for modernization to create a more contemporary finish. Outside, the property boasts extensive grounds including both front and rear gardens with views of Bracebridge Heath Water Tower. A driveway allows parking for several vehicles while granting access to the single garage. Additional storage options are available in the workshop and store room, along with an outside WC that can be updated for convenience. Located approximately two miles south of Lincoln City Centre, this home benefits from proximity to local shops, schools, and amenities while still enjoying the charm of village life. Given its condition and location, this property holds significant promise for those looking to invest in renovations or enhancements. Viewing is highly recommended to fully appreciate its potential without a chain complication.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -17.7% below area average per sq ft

-17.7%
Potential saving
This Property
£196/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£334,322
10% above area average per sq ft
Potential ROI
+15.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LN4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 0.4%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on LN4 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

Grantham Road, Bracebridge Heath
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE