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Lincoln Road, Metheringham, Lincoln, LN4

East Midlands

£275,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1299 sqft

Description

This spacious four-bedroom bungalow, nestled in a peaceful corner of the desirable village of Metheringham, offers a unique opportunity for those interested in renovation and investment. The property, located just a short walk from the village center, holds significant potential for buyers eager to personalize their living space or capitalize on its flexible layout. Upon entering, you’re greeted by an inviting entrance hall that leads into a generous 17ft living room featuring patio doors that connect seamlessly to the outdoor space. This versatile room is well-suited for both relaxation and gatherings. The layout includes three sizable double bedrooms; two are enhanced with en-suite shower rooms while the principal bedroom features a comprehensive wet room. Additionally, a separate dining area provides further flexibility and can easily be transformed into a fourth bedroom if needed. The kitchen is fitted with essential appliances, accompanied by a practical utility room that adds convenience to daily living. Externally, the property sits on an expansive plot offering off-street parking and a single garage. The wrap-around gardens are designed for low maintenance yet provide ample opportunities for landscaping or gardening—ideal for those wishing to enhance outdoor living areas with minimal effort. While the interior could benefit from some modernization, this aspect allows potential buyers to tailor the home according to their preferences and needs. The no onward chain simplifies the purchasing process. Metheringham itself is an active village community with an array of local amenities, including well-regarded schools and easy access to transport links such as a train station and bus services. This combination of location dynamics and renovation potential makes this bungalow an attractive option for both family living or investment purposes.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -11.3% below area average per sq ft

-11.3%
Potential saving
This Property
£212/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£341,150
10% above area average per sq ft
Potential ROI
+8.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LN4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 0.4%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on LN4 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

Lincoln Road, Metheringham, Lincoln, LN4
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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
£1,007
Based on a loan of £206,250 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