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Addison Drive, Lincoln, Lincolnshire, LN2

East Midlands

£127,500
Listed on 27/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1029 sqft

Description

This three-bedroom semi-detached house is situated on an unusually large wrap-around plot, offering a unique opportunity for those looking to embark on a substantial renovation project. The property is in need of complete refurbishment, making it an ideal blank canvas for investors or homeowners eager to create a distinctive living space tailored to modern standards. With ample outdoor space, there is significant potential for extensions and reconfiguration, subject to obtaining the necessary planning permissions. Properties like this are seldom available and present an exciting prospect for those with vision and ambition. Currently being sold through the Modern Method of Auction, this process allows buyers who are prepared to act quickly the chance to secure a project with considerable upside potential.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -51.1% below area average per sq ft

-51.1%
Potential saving
This Property
£124/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£286,937
10% above area average per sq ft
Potential ROI
+31.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by 0.0% over the last 12 months
3 year growth: -2.1%
5 year growth: +3.5%
Investment Disclaimer: Analysis based on LN2 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

Addison Drive, Lincoln, Lincolnshire, LN2
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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
£452
Based on a loan of £95,625 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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