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Harris Road, Lincoln, Lincolnshire, LN6 - Image 1
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Harris Road, Lincoln, Lincolnshire, LN6

East Midlands

£160,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
883 sqft

Description

This three-bedroom semi-detached home presents a compelling investment opportunity in a desirable location, available with no onward chain. The property features an Entrance Hall leading to a Lounge and a Dining Room, alongside a Fitted Kitchen and a convenient WC on the ground floor. Upstairs, you will find three spacious Bedrooms and a Family Bathroom, providing ample accommodation for families or potential tenants. The outdoor space includes a sizeable Enclosed Rear Garden and a Front Garden that could be transformed into off-street parking (subject to planning permission). Situated in a family-oriented neighbourhood, this residence benefits from proximity to essential transport links such as the A46 and Newark & Hykeham railway stations, as well as local amenities including shops, schools, and leisure options. Boultham Park is also nearby, offering beautiful green spaces for recreation. With some modernization in mind, this property holds significant potential for renovation and enhancement.

Investment Analysis

(LN6 area)

Below Market Value

This property is priced -25.6% below area average per sq ft

-25.6%
Potential saving
This Property
£181/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£236,657
10% above area average per sq ft
Potential ROI
+21.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (LN6)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 3.9%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on LN6 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

Harris Road, Lincoln, Lincolnshire, LN6
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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
£586
Based on a loan of £120,000 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