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Alfred Avenue, Metheringham, Lincoln

East Midlands

£220,000
Listed on 26/03/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1055 sqft

Description

This three-bedroom semi-detached home on Alfred Avenue in Metheringham presents a significant opportunity for renovation enthusiasts and savvy investors. The property is sold with no onward chain and requires comprehensive refurbishment, allowing the new owner to infuse their personal design touches while enhancing its value. Inside, the spacious lounge diner features a cosy log-burner, ideal for creating a welcoming living space. The kitchen includes essential fixtures but will benefit from modernisation. A versatile lobby connects the front and rear of the home, offering potential for further development or conversion into usable living area (subject to planning permissions). The first floor comprises three bedrooms—two doubles and a single—alongside a family bathroom and separate WC, all of which could be updated to reflect contemporary standards. With gas central heating and double-glazed windows throughout, this property is well-equipped for modern living while providing ample scope for improvement. Outside, enjoy generous driveway parking and an expansive rear garden that offers plenty of room for landscaping or outdoor projects. Located in a desirable village with essential amenities nearby, this home is perfect for those looking to invest in a property with great potential.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -12.6% below area average per sq ft

-12.6%
Potential saving
This Property
£209/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£276,895
10% above area average per sq ft
Potential ROI
+6.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LN4)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -0.1%
5 year growth: +10.6%
Investment Disclaimer: Analysis based on LN4 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

Alfred Avenue, Metheringham, Lincoln
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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
£793
Based on a loan of £165,000 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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