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Waterford Lane, Cherry Willingham

East Midlands

£200,000
Listed on 31/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1284 sqft

Description

This three-bedroom detached property, situated on an expansive double plot in the desirable village of Cherry Willingham, presents an exceptional opportunity for renovation and potential development. With no onward chain and available through a Modern Method of Auction, this home is ideal for investors and buyers seeking a project that can be tailored to their vision. Although it requires comprehensive modernization throughout, it stands as a blank slate ready for creative enhancement. Notably, the property once held outline planning permission for the construction of two additional dwellings, suggesting strong possibilities for future development (subject to re-approval). Prospective buyers should conduct thorough due diligence with local authorities before proceeding. Inside, the layout provides flexible living spaces across two levels, featuring a front porch leading into a hallway that connects to the main rooms. The kitchen is equipped with basic units but needs complete overhauling; similarly, the dining room has excellent potential as a central family gathering space following renovations. The lounge offers comforting views of the garden while one ground-floor bedroom provides versatile options for use as guest accommodation or an office. The first floor hosts three generous bedrooms along with a bathroom waiting for updating. Outside, the extensive gardens are well-established but require landscaping work to maximize their appeal and utility. Living in Cherry Willingham offers access to local amenities such as shops, schools, and transport links to Lincoln city centre – making this home not only a promising investment but also a smart choice for those looking to put down roots in a vibrant community.

Investment Analysis

(LN3 area)

Below Market Value

This property is priced -36.7% below area average per sq ft

-36.7%
Potential saving
This Property
£156/sq ft
Area Average
£246/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£347,521
10% above area average per sq ft
Potential ROI
+15.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (LN3)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -4.9%
5 year growth: +14.0%
Investment Disclaimer: Analysis based on LN3 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

Waterford Lane, Cherry Willingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 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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