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Ashby Close, Waddington, LN5

East Midlands

£140,000

Listed on 21/01/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
797 sqft

Description

This three-bedroom detached bungalow presents an excellent canvas for those aspiring to personalize their living space. Nestled in the desirable village of Waddington, just outside Lincoln, the property is available with no onward chain, allowing for a straightforward acquisition. The single-storey layout is both practical and spacious, offering significant potential for modernization and aesthetic enhancements. The expansive L-shaped lounge diner serves as a central gathering area, while the separate kitchen can be transformed into a modern culinary hub. Each of the three bedrooms is well-sized, catering to varied needs whether for downsizers or families. Additionally, the contemporary wet room adds an element of accessibility and convenience. The exterior features an enclosed rear garden that provides an opportunity to create a beautiful outdoor retreat, complemented by a single garage for secure parking or storage. Located within walking distance to essential amenities along Brant Road, including shops and healthcare facilities, this property enjoys a peaceful setting with strong community ties. With reliable bus services nearby and excellent road connections via the A15 and A46, commuting into Lincoln city centre and surrounding areas is hassle-free. This bungalow stands out as not just a home but as a promising investment opportunity for those looking to craft their ideal residence in a sought-after location.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -20.3% below area average per sq ft

-20.3%
Potential saving
This Property
£176/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£193,181
10% above area average per sq ft
Potential ROI
+13.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.4% over the last 12 months
3 year growth: +3.2%
5 year growth: +1.7%
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

Ashby Close, Waddington, LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-31.7% since listed
£140,000£22,000(-13.6%)
06/06/2026
Current price
£162,000£38,000(-19.0%)
11/04/2026
£200,000£5,000(-2.4%)
22/02/2026
£205,000Initial listing
21/01/2026

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