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24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 1
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 2
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 3
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 4
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 5
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 6
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 7
24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB - Image 8

24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB

East Midlands

£400,000
Listed on 14/10/2025

Property Details

Bedrooms
N/A
Type
Land

Description

This three-bedroom detached house, dating back to circa 1850, is constructed from solid brick and sits under a traditional pitched slate roof. Nestled in approximately 0.2 hectares (0.5 acres) of mature grounds, the property presents significant redevelopment potential, subject to acquiring Planning Permission. Located within a well-established residential area south of Lincoln City Centre, it is surrounded by mainly large single-storey detached houses along The Cottage Paddock. The current two-storey residence includes two reception rooms and a kitchen on the ground floor, with three bedrooms and a bathroom upstairs. Additionally, there are various outbuildings on the premises. While the house requires substantial updating, this offers an excellent opportunity for renovation that could complement new development plans for additional dwellings on the site. Notably, previous Outline Planning Permission existed for constructing two detached bungalows to the south of the property. Access to the property is via a shared private driveway at the southern end of The Cottage Paddock cul-de-sac, which connects to De Wint Avenue. This access is jointly owned with neighboring properties, ensuring a manageable entryway for any future developments.

Investment Analysis

(LN6 area)
Area Average
£244/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
73
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +2.4%
5 year growth: +14.7%
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

24 The Cottage Paddock, Lincoln, Lincolnshire, LN6 7EB
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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