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Washington Close, Coningsby, Lincoln, LN4

East Midlands

£145,000

Listed on 27/05/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow
Area
558 sqft

Description

This two-bedroom semi-detached bungalow presents a noteworthy opportunity for investors or those looking to create their dream home. The property is offered with the advantage of no onward chain, featuring a generous driveway, carport, and garage, complemented by front and rear gardens that have seen recent updates. Located in a convenient neighborhood close to amenities, schools, and transport links, this bungalow holds excellent potential for refurbishment or development (subject to planning permission). The interior offers ample space for personalization and modernization.

Investment Analysis

(LN4 area)

Above Market Value

This property is priced +8.2% above area average per sq ft

+8.2%
This Property
£260/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£239
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£147,404
10% above area average per sq ft
Potential ROI
-20.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN4)

Area prices are rising by +2.5% over the last 12 months
3 year growth: -0.8%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on LN4 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

Washington Close, Coningsby, Lincoln, LN4
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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
£517
Based on a loan of £108,750 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.

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