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Pottergate Road, Wellingore, Lincoln - Image 1
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Pottergate Road, Wellingore, Lincoln

East Midlands

£500,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1972 sqft

Description

This executive detached family home, situated on an expansive plot of approximately 0.54 acres in the desirable Wellingore area, offers a unique chance for renovation and development. The property features an entrance hall leading to multiple living spaces including a lounge with an inviting open fire, a separate dining room, and a study that showcases versatile potential. While the kitchen is equipped with modern amenities, the layout could benefit from reconfiguration to suit contemporary lifestyles. Upstairs, three bedrooms provide ample space, although updates may be necessary to enhance comfort and appeal. The exterior boasts well-maintained gardens and a gated driveway that allows for generous off-street parking. Notably, there are three large stables that present an exciting opportunity for conversion into additional living space or holiday accommodation (subject to planning permission), thereby maximizing the investment potential. The surrounding area combines rural charm with excellent road links to nearby cities like Lincoln and Newark. This property is sold with no onward chain, making it ideal for those looking to embark on a renovation project in a sought-after location.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +19.1% above area average per sq ft

+19.1%
This Property
£254/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£461,714
10% above area average per sq ft
Potential ROI
-20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on LN5 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

Pottergate Road, Wellingore, Lincoln
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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
£1,832
Based on a loan of £375,000 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