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Grantham Road, Waddington, Lincoln

East Midlands

£252,000
Listed on 15/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1998 sqft

Description

This spacious detached bungalow, offering an expansive 2,000 sqft of adaptable living space, presents a remarkable opportunity for renovation and investment. Nestled in the desirable village of Waddington, this property is currently a blank canvas, providing the perfect scope for creative transformation. With three to four bedrooms and various reception areas, buyers can easily tailor the interior layout to their preferences. Key features include a sizable kitchen, family bathroom with separate shower cubicle, utility room, and cloakroom—all well-sized and functional yet ready for modern updates. The extensive grounds offer substantial outdoor space alongside a double garage equipped with power—a valuable asset for those looking to extend or develop further, subject to planning permissions. Located within proximity to local amenities and transport connections, this property not only appeals to families but also investors seeking to capitalize on its redevelopment potential. The lack of an onward chain enhances the appeal of this unique find in a sought-after location.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -42.0% below area average per sq ft

-42.0%
Potential saving
This Property
£126/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£182
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£477,582
10% above area average per sq ft
Potential ROI
+43.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +6.6% over the last 12 months
3 year growth: 3.5%
5 year growth: 5.7%
Investment Disclaimer: Analysis based on LN5 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

Grantham Road, Waddington, Lincoln
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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
£923
Based on a loan of £189,000 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