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Larchwood Crescent, Lincoln, LN6

East Midlands

£150,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Terraced
Area
976 sqft

Description

This three-bedroom mid-terrace house, situated in the desirable Birchwood area, presents a compelling opportunity for renovation and investment. While the property is currently in need of modernization throughout, its layout offers a solid foundation for transformation. The ground floor consists of an entrance hall, spacious lounge with access to the rear garden, a breakfast kitchen equipped with essential appliances, and a dining room that can be reimagined for versatile use. Upstairs, you'll find three bedrooms along with a bathroom and separate WC, providing ample space for families or rental potential. An enclosed patio garden at the back adds outdoor appeal, while off-road parking at the front enhances convenience. The property is also notable for being sold with no onward chain, facilitating a straightforward purchase process. With strategic updates, this home could significantly increase in value, making it an attractive project for buyers looking to invest.

Investment Analysis

(LN6 area)

Below Market Value

This property is priced -37.0% below area average per sq ft

-37.0%
Potential saving
This Property
£154/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£261,958
10% above area average per sq ft
Potential ROI
+41.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +0.7%
5 year growth: +11.1%
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

Larchwood Crescent, Lincoln, LN6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£567
Based on a loan of £112,500 over 30 years at 4.45% 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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