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Thorpe Lane, South Hykeham, LN6 - Image 1
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Thorpe Lane, South Hykeham, LN6

East Midlands

£240,000
Listed on 23/11/2025

Property Details

Bedrooms
3
Type
Detached house
Area
860 sqft

Description

This three-bedroom detached bungalow, located in the desirable area of South Hykeham, Lincoln, offers a promising opportunity for renovation and customization. Set on a generous plot, this property appeals to families thanks to its proximity to reputable local schools and essential amenities. The layout includes an entrance hall, a lounge, three bedrooms, a shower room, and a kitchen/diner equipped with designated spaces for appliances. A conservatory off the kitchen provides additional living space and access to the garden. The exterior features a driveway, a spacious rear garden with an outbuilding, and a single detached garage. With ample outdoor space, there is potential for further development pending necessary permissions. The surrounding area is well connected via public transport links and major roads like the A46 and A15, making commuting straightforward. This bungalow is in need of modernisation but presents an excellent opportunity to create a tailored home in a convenient location.

Investment Analysis

(LN6 area)

Above Market Value

This property is priced +14.5% above area average per sq ft

+14.5%
This Property
£279/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£230,493
10% above area average per sq ft
Potential ROI
-13.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (LN6)

Area prices are rising by +2.3% over the last 12 months
3 year growth: 3.9%
5 year growth: 16.8%
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

Thorpe Lane, South Hykeham, LN6
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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
£879
Based on a loan of £180,000 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.

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