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Cherry Willingham, Lincoln, Lincolnshire, LN3

East Midlands

£249,950
Listed on 25/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
872 sqft

Description

Nestled in the desirable village of Cherry Willingham, this detached two-bedroom bungalow sits on a spacious plot, providing a wealth of renovation and investment opportunities. The property features a long driveway that leads to a lawned front garden, ensuring ample off-road parking along with access to a garage. Upon entering, you are welcomed by an entrance porch that leads into a central hallway. The generously sized living room enjoys pleasant views and offers potential for updates to enhance its appeal. The functional kitchen connects seamlessly to a sunroom, which opens onto the patio and garden area. This space is ripe for transformation into a bright garden room or a tranquil retreat. The bungalow boasts two well-sized double bedrooms, each presenting possibilities for reconfiguration or modern touches. The expansive rear garden is a notable asset, featuring a paved area suitable for outdoor entertaining, along with various outbuildings such as sheds, a summerhouse, and even a greenhouse—ideal for gardening enthusiasts. There is considerable potential here for landscaping or extending the existing structure (subject to planning permissions), allowing buyers to create their ideal outdoor space. Located on the outskirts of this quiet village, the property provides easy access to local shops, reputable schools, and wider amenities. This balance of serene village living with convenient transport links to nearby towns and Lincoln enhances its attractiveness as an investment opportunity. This bungalow presents an excellent chance for buyers looking to personalize or redevelop in a highly sought-after location. The lack of an onward chain simplifies the purchasing process, making it even more appealing for those ready to embark on this renovation journey.

Investment Analysis

(LN3 area)

Above Market Value

This property is priced +17.0% above area average per sq ft

+17.0%
This Property
£287/sq ft
Area Average
£245/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£235,004
10% above area average per sq ft
Potential ROI
-20.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LN3)

Area prices are rising by +2.8% over the last 12 months
3 year growth: -3.8%
5 year growth: 20.6%
Investment Disclaimer: Analysis based on LN3 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

Cherry Willingham, Lincoln, Lincolnshire, LN3
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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
£916
Based on a loan of £187,462 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