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Metheringham Close, Lincoln, Lincolnshire, LN6 3YP

East Midlands

£250,000
Listed on 06/05/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
949 sqft

Description

Situated in the desirable locality of Doddington Park, this generously sized detached bungalow occupies a prominent corner plot and offers significant potential for renovation. This property is well-suited for buyers aiming to create their ideal living space through updates and improvements, all while benefiting from no onward chain. The versatile layout includes an entrance hall leading to a spacious living room and a separate dining area, alongside a kitchen ripe for modernisation. With three bedrooms and a family bathroom, there's ample scope to enhance functionality and style. Externally, the property features a block-paved driveway providing plenty of off-road parking, complemented by a detached double garage. The expansive garden surrounding the home presents opportunities for landscaping or possible extension (subject to necessary permissions), making this property a prime candidate for renovation enthusiasts looking to add value in a sought-after area.

Investment Analysis

(LN6 area)

Above Market Value

This property is priced +7.2% above area average per sq ft

+7.2%
This Property
£263/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£256,591
10% above area average per sq ft
Potential ROI
-11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
70
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by -0.6% over the last 12 months
3 year growth: +2.1%
5 year growth: +12.1%
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

Metheringham Close, Lincoln, Lincolnshire, LN6 3YP
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£892
Based on a loan of £187,500 over 30 years at 3.97% 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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