Worst House on the Street Logo
8 Pennycress Close, Lincoln, LN2 4TD - Image 1
8 Pennycress Close, Lincoln, LN2 4TD - Image 2
8 Pennycress Close, Lincoln, LN2 4TD - Image 3
8 Pennycress Close, Lincoln, LN2 4TD - Image 4
8 Pennycress Close, Lincoln, LN2 4TD - Image 5
8 Pennycress Close, Lincoln, LN2 4TD - Image 6
8 Pennycress Close, Lincoln, LN2 4TD - Image 7
8 Pennycress Close, Lincoln, LN2 4TD - Image 8
8 Pennycress Close, Lincoln, LN2 4TD - Image 9
8 Pennycress Close, Lincoln, LN2 4TD - Image 10
8 Pennycress Close, Lincoln, LN2 4TD - Image 11

8 Pennycress Close, Lincoln, LN2 4TD

East Midlands

£300,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
923 sqft

Description

Situated in a tranquil cul-de-sac within the desirable Nettleham Fields, this spacious detached bungalow presents a solid foundation for a renovation project. The property boasts three sizeable bedrooms and is set on an expansive plot that features well-maintained gardens, ample off-road parking, and a detached garage. The rear garden offers privacy and sunlight, creating an ideal setting for outdoor gatherings or relaxation. There's also potential for future expansion or modifications on the side of the bungalow, subject to planning approval. Inside, the layout flows efficiently from a welcoming entrance hall into a bright living room with an archway leading to the dining area, promoting an enjoyable space for family and social interactions. The kitchen/breakfast room is functional but could benefit from modernisation to enhance usability and style. The accommodation includes three good-sized bedrooms along with a family bathroom and separate WC, all in need of cosmetic upgrades that would allow new owners to stamp their personal touch on the home. This property stands as an excellent opportunity for investors or buyers looking to create their dream home in one of Lincoln’s most sought-after neighborhoods, with local amenities and transport links just a short walk away.

Investment Analysis

(LN2 area)

Above Market Value

This property is priced +31.6% above area average per sq ft

+31.6%
This Property
£325/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£250,728
10% above area average per sq ft
Potential ROI
-26.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -4.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LN2 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

8 Pennycress Close, Lincoln, LN2 4TD
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE