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Merleswen, Dunholme, Lincoln

East Midlands

£260,000

Listed on 22/06/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1258 sqft

Description

This three-bedroom, chalet-style home in the sought-after village of Dunholme presents a noteworthy investment opportunity for those looking to modernize a well-maintained property. Having been owned by just one family since 1965, the house features an entrance hall leading to a spacious lounge with sliding doors that open into a conservatory—ideal for enhancing living space and natural light. The ground floor includes a kitchen diner that offers ample potential for redesign, as well as a family bathroom and a flexible ground-floor bedroom. Upstairs, you will find two generous double bedrooms with eaves storage, providing an ideal canvas for improvement. The outside of the property boasts a concrete driveway and single garage, plus a large rear garden which is mostly lawned and has established flower beds and shrubbery. While the property is equipped with gas central heating and uPVC double glazing, there remains significant scope to update the interior aesthetics and functionality according to personal taste. With no onward chain, this property is ripe for transformation in a village known for its excellent local amenities including schools and shops.

Investment Analysis

(LN2 area)

Below Market Value

This property is priced -18.5% below area average per sq ft

-18.5%
Potential saving
This Property
£207/sq ft
Area Average
£254/sq ft
Avg Rent (weekly)
£223
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£350,932
10% above area average per sq ft
Potential ROI
+17.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (LN2)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -1.5%
5 year growth: +2.6%
Investment Disclaimer: Analysis based on LN2 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

Merleswen, Dunholme, 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
£982
Based on a loan of £195,000 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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