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Cresta Close, North Hykeham, Lincoln

East Midlands

£265,000
Listed on 24/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
985 sqft

Description

This three-bedroom detached bungalow is situated on a generous corner plot in North Hykeham, making it an attractive proposition for those looking to invest and renovate. With no onward chain, this property offers a blank canvas that allows for personal touches and modernisation to unlock its full potential. The ample parking space leads to a detached garage, while the spacious front and rear gardens provide ample outdoor area for gardening or entertaining. Inside, the layout offers practical living with an entrance porch leading into a welcoming hall, a sizable lounge with good natural light, and three adaptable bedrooms—one of which can easily transition into a dining room. The kitchen/breakfast room opens into a conservatory that overlooks the rear garden. Additional features include a wet room and a separate WC. While some areas would benefit from updating, this bungalow is located in a desirable area close to amenities and has substantial renovation opportunities for buyers willing to improve upon its current state.

Investment Analysis

(LN6 area)

Above Market Value

This property is priced +9.4% above area average per sq ft

+9.4%
This Property
£269/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
£266,433
10% above area average per sq ft
Potential ROI
-12.6%
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

Cresta Close, North Hykeham, 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
£939
Based on a loan of £198,750 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.

Stamp Duty Calculator

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