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Croft Lane, Cherry Willingham

East Midlands

£195,000

Listed on 15/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1805 sqft

Description

This three-bedroom detached bungalow presents a promising development opportunity set on an expansive plot of approximately 0.37 acres in the desirable village of Cherry Willingham. The layout includes a porch, spacious lounge/diner, kitchen, conservatory, and three bedrooms, including a master with an en-suite WC. The property is ripe for renovation or extension, offering significant potential for enhancement and possibly redevelopment (subject to planning permissions). Included are generous outdoor spaces and a gravelled driveway that accommodates ample off-road parking alongside a larger-than-average double garage. Due to its non-traditional construction, future mortgage options could be limited, making this an intriguing investment prospect for those looking to enhance or customize their living space. Local amenities and transport links add to the appeal, ensuring convenience in this picturesque area.

Investment Analysis

(LN3 area)

Below Market Value

This property is priced -56.4% below area average per sq ft

-56.4%
Potential saving
This Property
£108/sq ft
Area Average
£248/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£491,610
10% above area average per sq ft
Potential ROI
+85.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN3)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -1.7%
5 year growth: +17.3%
Investment Disclaimer: Analysis based on LN3 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

Croft Lane, Cherry Willingham
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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
£737
Based on a loan of £146,250 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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