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Luton Close, Lincoln

East Midlands

£100,000
Listed on 04/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house

Description

This three-bedroom end terrace home presents a noteworthy opportunity for renovation and investment in the sought-after Birchwood area. The property is being sold with no onward chain, allowing for a smoother transition for prospective buyers. With a complete refurbishment required throughout, this house offers an excellent canvas for those looking to customize their living space or capitalize on its investment potential. The ground floor features an entrance hall that leads into a spacious lounge diner, providing ample room for various configurations and entertaining options. Adjacent to the lounge is a kitchen that, while in need of updating, holds promise for modern amenities and efficient use of space. Upstairs, the property boasts two well-sized double bedrooms along with a family bathroom and a separate WC. These spaces can be transformed to meet contemporary standards or personal preferences, giving future residents the chance to create their ideal home environment. Externally, the fully enclosed rear garden adds further appeal, offering significant potential for landscaping or recreational use. Additionally, there is off-road parking available for two vehicles at the front of the property—a valuable feature in residential areas. Birchwood itself is known for its accessibility to local amenities including schools, parks, shopping options, and transport links. These conveniences not only enhance everyday living but also signify strong rental prospects or resale value for those interested in investing in this location. In summary, this property stands out as an opportunity ripe for transformation, whether as a first-time purchase or an investment project.

Investment Analysis

(LN6 area)
Area Average
£244/sq ft
Avg Rent (weekly)
£229
Avg Yield
5.0%

Renovation Potential

Heavy 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
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

Luton Close, Lincoln
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 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