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Waverley Avenue, Lincoln, LN6

East Midlands

£300,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached bungalow presents a promising investment opportunity in a desirable East Midlands location. With its extended layout and the absence of onward chain, it is ideally positioned for investors or families eager to put their personal touch on a spacious home. The property features a larger-than-average plot, offering potential for further development (subject to planning consent), making it an exciting prospect for those looking to enhance its value through renovation. Inside, you'll find two generous reception rooms, including one bathed in natural light due to large windows and another that opens directly into the garden—a layout conducive to both relaxation and entertaining. The three double bedrooms provide ample space for family living or hosting guests. The modern kitchen is functional and includes a dedicated dining area, suitable for everyday meals and gatherings. The exterior showcases a substantial garden that's easy to maintain—ideal for families or gardening enthusiasts—along with parking facilities and a single garage that adds convenience. Located close to excellent transport links, reputable schools, and local amenities, this home combines practicality with potential. This is a rare chance not just to acquire a sizable property but also to unlock its future possibilities through thoughtful enhancements.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
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

Waverley Avenue, Lincoln, LN6
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 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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