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Dyke Road, North Cotes, Lincolnshire - Image 1
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Dyke Road, North Cotes, Lincolnshire

Yorkshire

£87,500
Listed on 13/06/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
742 sqft

Description

This two-bedroom mid-terrace property is situated within the former RAF base in the coastal village of North Cotes, presenting a unique opportunity for both renovation and investment. The layout includes an entrance hallway leading to a rear-facing lounge/dining room, which features a fireplace with an electric fire and access to the rear garden through double doors. This space offers potential for modernizing and enhancing with contemporary design elements. The property includes a kitchen equipped with fitted wall and base units. Although some updating is needed, it provides a solid foundation for culinary creativity. Adjacent to the kitchen is a utility area that serves as an internal passageway with access points to both the front and the back of the home, complete with fitted storage solutions. Upstairs, you will find two spacious double bedrooms, each benefiting from built-in wardrobes and located at the rear of the property. These bedrooms offer ample natural light and the potential to refresh or reconfigure for greater functionality. The bathroom features essential fittings, including a vanity sink unit, WC, and panelled bath with an overhead shower. Outside, the property showcases gardens primarily laid to lawn at both the front and rear, providing outdoor spaces that could be further developed or landscaped according to personal preference. Its proximity to local amenities in North Cotes adds value for potential renters or first-time buyers. With no forward chain attached to this sale, this property stands as an ideal candidate for those looking to invest in a home that can be tailored to their tastes while capitalizing on its location benefits.

Investment Analysis

(DN36 area)

Below Market Value

This property is priced -47.6% below area average per sq ft

-47.6%
Potential saving
This Property
£118/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£190
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£8,750 - £21,875
10-25% of property value
Target Value
£183,563
10% above area average per sq ft
Potential ROI
+67.8%
After renovation
Monthly Sales
22
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (DN36)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 6.7%
5 year growth: 28.3%
Investment Disclaimer: Analysis based on DN36 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Dyke Road, North Cotes, Lincolnshire
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