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Hykeham Road, Lincoln

East Midlands

£315,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1524 sqft

Description

Situated in the sought-after Hykeham Road area of Lincoln, this spacious semi-detached home presents an excellent opportunity for renovation and enhancement. The property has already benefited from a loft conversion, currently used as an additional bedroom, and a garage conversion that provides versatile extra living space. Additionally, previous planning permissions have been explored for extending the upstairs to create another bathroom, illustrating significant potential for further investment. With three floors of flexible accommodation and a generous backyard perfect for family activities or gatherings, this residence is ideal for those looking to expand their living space over time. The property's convenient location near schools and transport links into Lincoln city centre enhances its appeal for families needing both functionality and room for growth. This house stands as a promising canvas for modernization while retaining its core character and charm.

Investment Analysis

(LN6 area)

Below Market Value

This property is priced -15.3% below area average per sq ft

-15.3%
Potential saving
This Property
£207/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£409,042
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
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

Hykeham Road, Lincoln
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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
£1,190
Based on a loan of £236,250 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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