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Elsham Crescent, LINCOLN

East Midlands

£225,000
Listed on 01/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1215 sqft

Description

This detached bungalow, situated in a sought-after residential area of Lincoln, presents a promising opportunity for investors and homebuyers alike. With no onward chain, the property is ripe for modernization, allowing new owners to adapt the space to their preferences. The accommodation is spacious and includes three sizable bedrooms, an expansive lounge with a feature fireplace, and a fitted kitchen that opens into a bright dining area through an archway. Additional features include a family bathroom and an attached double garage, which offer potential for conversion or extension (subject to planning). The exterior boasts ample off-road parking with a resin bound driveway and access to the enclosed rear garden featuring pathways, patio areas, and lawns. This property offers significant renovation potential while being conveniently located near local amenities such as shops, parks, and transport links.

Investment Analysis

(LN6 area)

Below Market Value

This property is priced -24.7% below area average per sq ft

-24.7%
Potential saving
This Property
£185/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£328,645
10% above area average per sq ft
Potential ROI
+24.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +2.3%
5 year growth: +13.7%
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

Elsham Crescent, LINCOLN
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£797
Based on a loan of £168,750 over 30 years at 3.91% 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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