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Neareys Close, Waddington, Lincoln, Lincolnshire, LN5

East Midlands

£280,000
Listed on 04/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
915 sqft

Description

This end-terrace home features three bedrooms and presents a unique opportunity for renovation, situated in the desirable area of Waddington. The property boasts an A-rated Energy Efficiency due to its Air Source Heat Pump and modern features, providing a solid foundation for any investor or homeowner looking to add personal touches. The open-plan kitchen, with direct access to the garden, is well-suited for both families and entertaining guests. The boarded loft offers significant potential for conversion, allowing for additional living space or storage while enhancing property value, subject to planning approval. Key aspects like energy-efficient double-glazing and high-quality fixtures reflect a thoughtful design that could be further enhanced through cosmetic upgrades. With amenities nearby and a community-oriented setting, this is an appealing option for those looking to invest in a home with growth potential. Waddington itself offers a range of local shops and excellent transport links, making it an attractive location for various lifestyles.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +40.7% above area average per sq ft

+40.7%
This Property
£306/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£189
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£218,914
10% above area average per sq ft
Potential ROI
-30.5%
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
25%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +5.3% over the last 12 months
3 year growth: +1.3%
5 year growth: -0.2%
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

Neareys Close, Waddington, Lincoln, Lincolnshire, LN5
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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
£1,010
Based on a loan of £210,000 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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