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Garrick Close, Lincoln, Lincolnshire, LN5 8TG - Image 1
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Garrick Close, Lincoln, Lincolnshire, LN5 8TG

East Midlands

£90,000
Listed on 21/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow presents an excellent opportunity for renovation enthusiasts and investors alike. With a bit of imagination and effort, this property can be transformed into a modern family home tailored to personal taste. The layout offers a spacious reception area suitable for gatherings, alongside a practical kitchen that can accommodate culinary adventures. Each of the three generously-sized double bedrooms ensures ample storage space and comfort. The exterior features convenient off-road parking, a single garage, and a garden that holds potential for landscaping or outdoor leisure activities, ideal for enjoying summer days. Situated in a well-connected area of the East Midlands, residents will benefit from close proximity to public transport links, local amenities, parks, and schools – all enhancing its appeal. The absence of an onward chain simplifies the buying process. While the property does require modernization throughout, it stands as a promising blank slate for those looking to invest or step into homeownership with an eye on future improvements.

Investment Analysis

(LN5 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.2%

Renovation Potential

Medium 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
39
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +1.5%
5 year growth: +3.5%
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

Garrick Close, Lincoln, Lincolnshire, LN5 8TG
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£325
Based on a loan of £67,500 over 30 years at 4.06% 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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