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King Street, Billinghay, Lincoln, Lincolnshire, LN4

East Midlands

£199,950
Listed on 23/07/2025

Property Details

Bedrooms
4
Type
Detached house
Area
787 sqft

Description

This four-bedroom detached home, positioned prominently on a corner lot, offers a unique opportunity for those looking to invest in a property with considerable renovation potential. With its spacious layout and distinctive character, this house is well-suited for families seeking room to grow or investors aiming to enhance its appeal. Inside, the property features three versatile reception areas, including a cozy sitting room highlighted by exposed beams and a charming fireplace. The separate family room provides additional living space, while the bright dining room seamlessly connects to the rear garden, creating possibilities for indoor-outdoor living. The traditional-style kitchen comes with plenty of storage and also offers direct access to the outdoor area. The upper level hosts four generously sized bedrooms that are filled with natural light and retain appealing character elements. Complementing these rooms is a large family bathroom equipped with both a bath and separate shower—ideal for accommodating family needs. The exterior boasts a mature garden that brims with landscaping potential. Surrounded by established trees that provide shade and privacy, this outdoor space can be transformed into an inviting retreat or entertaining area. Additionally, the property includes a double garage along with a workshop and storage shed, offering numerous options for hobbies or future conversion plans (subject to planning permissions). Situated in a desirable location, this home’s layout and features present significant potential for improvement and personalization, making it an attractive opportunity in today’s market.

Investment Analysis

(LN4 area)

Above Market Value

This property is priced +5.7% above area average per sq ft

+5.7%
This Property
£254/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£214
Avg Yield
3.8%

Renovation Potential

Est. Renovation Cost
£19,995 - £49,988
10-25% of property value
Target Value
£208,114
10% above area average per sq ft
Potential ROI
-16.7%
After renovation
Monthly Sales
34
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (LN4)

Area prices are stable by +0.8% over the last 12 months
3 year growth: 3.1%
5 year growth: 18.4%
Investment Disclaimer: Analysis based on LN4 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

King Street, Billinghay, Lincoln, Lincolnshire, LN4
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