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Binbrook Close, Lincoln LN6

East Midlands

£130,000
Listed on 23/03/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
492 sqft

Description

This two-bedroom semi-detached house offers an excellent canvas for renovation in a peaceful residential neighbourhood of Lincoln. With a private driveway accommodating off-road parking, the home is primed for modernization to enhance its appeal and functionality. The spacious lounge welcomes you with abundant natural light, making it perfect for both relaxation and gatherings. The kitchen, located at the rear, features basic cabinetry and provides access to the garden, which is an inviting space ripe for landscaping or outdoor entertaining. Upstairs, two bedrooms share a family bathroom fitted with essential fixtures but could benefit from some updating. The exterior includes a manageable rear garden enclosed by wooden fencing, featuring both a patio and lawn area, making it suitable for various outdoor activities. With its proximity to amenities, schools, and transport links combined with Hartsholme Park nearby for leisure activities, this property stands out as a promising first-time buy or investment opportunity. It requires work to truly shine, allowing future owners to stamp their personal style on it without any onward chain complicating the process.

Investment Analysis

(LN6 area)

Above Market Value

This property is priced +8.2% above area average per sq ft

+8.2%
This Property
£264/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£236
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£132,215
10% above area average per sq ft
Potential ROI
-14.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
73
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +2.4%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on LN6 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

Binbrook Close, Lincoln LN6
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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
£469
Based on a loan of £97,500 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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