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Meadowlake Crescent, Lincoln

East Midlands

£190,000

Listed on 04/06/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
672 sqft

Description

Nestled at the end of a quiet cul-de-sac in the desirable Doddington Park area, this two-bedroom detached bungalow presents a solid investment opportunity with significant potential for renovation. The property includes an entrance hall, a spacious lounge featuring a gas fire, a functional kitchen equipped with essential appliances, two generously sized double bedrooms, and a compact shower room. Outside, the home boasts both front and rear gardens, ample driveway space for multiple vehicles, and a detached single garage with an electric roller door. While the property requires modernisation to unlock its full value, it offers an ideal canvas for those looking to create their perfect living space. Viewing is highly recommended to appreciate the possibilities that await. No chain is involved.

Investment Analysis

(LN6 area)

Above Market Value

This property is priced +15.9% above area average per sq ft

+15.9%
This Property
£283/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
£180,365
10% above area average per sq ft
Potential ROI
-16.1%
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

Meadowlake Crescent, 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
£718
Based on a loan of £142,500 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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