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New Crescent, Cherry Willingham

East Midlands

£200,000
Listed on 13/04/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
771 sqft

Description

This two-bedroom detached bungalow offers a prime opportunity for buyers looking to invest in a property that requires modernization. Nestled in the desirable village of Cherry Willingham, this residence features spacious living areas including a generous lounge and a conservatory that opens onto a private rear garden. While the home is in need of updating throughout, it benefits from ample natural light and well-proportioned rooms, making it an ideal canvas for those aiming to create a personalized living space. The bungalow also includes essential amenities such as a kitchen with built-in units, two double bedrooms, and a wet room. With the added advantage of no onward chain, this property stands as an attractive prospect for investors or first-time buyers keen on enhancing value in a sought-after community. The location provides convenient access to local shops, transport links to Lincoln city centre, and reputable schools, further highlighting its potential as both a home and an investment.

Investment Analysis

(LN3 area)

Above Market Value

This property is priced +5.4% above area average per sq ft

+5.4%
This Property
£259/sq ft
Area Average
£246/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£208,633
10% above area average per sq ft
Potential ROI
-11.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN3)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -6.2%
5 year growth: +10.2%
Investment Disclaimer: Analysis based on LN3 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

New Crescent, Cherry Willingham
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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
£708
Based on a loan of £150,000 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.

Stamp Duty Calculator

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