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Neareys Close, Waddington, Lincoln, Lincolnshire, LN5

East Midlands

£270,000

Listed on 04/03/2026

Property Details

Bedrooms
3
Type
End Of Terrace
Area
915 sqft

Description

Located in the desirable community of Waddington, this three-bedroom end-terrace home offers a strong foundation for renovation or investment. With an energy-efficient design featuring an A-rated energy efficiency and an Air Source Heat Pump, the property already has sustainable features that can be enhanced further. The layout includes spacious living areas with potential for modern updates; the open-plan kitchen leads to a private garden area, perfect for outdoor entertaining. There’s also a fully boarded loft with conversion capabilities, offering additional living space pending planning approval. The ground floor boasts a bright lounge and a well-appointed kitchen/dining area equipped with integrated appliances. However, there is room to personalize these spaces to match contemporary design trends. The utility room and cloakroom provide functional convenience but may benefit from minor cosmetic upgrades. On the first floor, you'll find two generous double bedrooms alongside a third well-proportioned bedroom. Although featuring luxury carpets, refreshing the decor could greatly enhance the appeal. This property’s exterior includes allocated parking and an enclosed rear garden which could be revitalized with landscaping efforts. Overall, this residence presents an excellent opportunity for those looking to invest in property enhancements that align with modern standards while appreciating its existing strengths.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +33.9% above area average per sq ft

+33.9%
This Property
£295/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£215
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£221,782
10% above area average per sq ft
Potential ROI
-24.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Neareys Close, Waddington, Lincoln, Lincolnshire, 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
£1,020
Based on a loan of £202,500 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

-3.6% since listed
£270,000£10,000(-3.6%)
16/03/2026
Current price
£280,000Initial listing
04/03/2026

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