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Redwood Drive, Waddington, Lincoln,

East Midlands

£230,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Detached

Description

This three-bedroom chalet-style residence in the scenic village of Waddington presents a remarkable opportunity for those looking to invest in a property with substantial potential. Situated on a generous plot, the home features extensive front and rear gardens, a driveway with space for multiple vehicles, and a detached garage. Currently vacant, this property is an excellent option for families, downsizers, or investors keen to modernise and enhance its value. The versatile layout includes a ground-floor bedroom that can also serve as an office or snug, alongside spacious living areas that invite natural light from multiple aspects. The conservatory provides additional space overlooking the garden, while the kitchen offers functionality with room for modern appliances. The upstairs bedrooms feature eaves storage and the possibility of converting a separate WC into a shower room, adding further appeal. While well-maintained overall, some areas would benefit from updating to fully realise the home's potential. This represents an exciting chance to personalise your new home or create a lucrative rental investment in a highly desirable area.

Investment Analysis

(LN5 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +9.6% over the last 12 months
3 year growth: +4.6%
5 year growth: +1.3%
Investment Disclaimer: Analysis based on LN5 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

Redwood Drive, Waddington, Lincoln,
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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
£821
Based on a loan of £172,500 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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