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Neareys Close, Waddington, Lincoln, Lincolnshire, LN5 - Image 1
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Neareys Close, Waddington, Lincoln, Lincolnshire, LN5

East Midlands

£280,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
915 sqft

Description

This three-bedroom end-terrace property in Waddington's desirable Neareys Close presents a solid foundation for those looking to invest in a home with renovation potential. While the house features modern energy-efficient attributes like an Air Source Heat Pump, A-rated Energy Efficiency, and double-glazed windows, there are opportunities to enhance and personalize the interiors further. The spacious lounge and open-plan kitchen/dining area, both filled with natural light, could benefit from contemporary upgrades that reflect personal taste. Additionally, the fully boarded loft space stands ready for conversion into usable living space, subject to planning permissions, which could significantly boost the property's value. The enclosed rear garden offers privacy and potential landscaping improvements, while allocated parking adds convenience. Located within reach of local amenities and excellent transport links, this home is ideally situated for families or professionals seeking a blend of comfort and investment opportunity.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +40.7% above area average per sq ft

+40.7%
This Property
£306/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£218,914
10% above area average per sq ft
Potential ROI
-29.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +5.3% over the last 12 months
3 year growth: +1.3%
5 year growth: -0.2%
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

Neareys Close, Waddington, Lincoln, Lincolnshire, LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,010
Based on a loan of £210,000 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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