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Waverley Avenue, Lincoln, Lincolnshire, LN6

East Midlands

£280,000

Listed on 02/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1163 sqft

Description

This detached bungalow presents a remarkable opportunity for those looking to invest in a property with significant renovation and extension potential. Occupying a generous plot in a desirable area of the East Midlands, it is ideally suited for families, downsizers, or investors aiming to create a custom living space tailored to their needs. The accommodation includes two spacious reception rooms, one of which boasts large windows that allow natural light to enliven the space. The second room connects seamlessly to the expansive rear garden, perfect for relaxation and entertaining. Featuring three well-proportioned double bedrooms and a practical kitchen diner designed for everyday family use, this home is ready for modernisation. The exterior provides ample off-road parking suitable for multiple vehicles and includes a single garage, enhancing convenience. The substantial back garden offers excellent outdoor space and potentially opens doors for further development, subject to planning permissions. Situated near respected schools, local amenities, and good transport links, this property stands as an attractive canvas awaiting your vision for improvement and personalisation.

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Investment analysis

(LN6 area)

Below Market Value

This property is priced -1.4% below area average per sq ft

-1.4%
Potential saving
This Property
£241/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£312,341
10% above area average per sq ft
Potential ROI
-5.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +0.6%
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

Waverley Avenue, Lincoln, Lincolnshire, 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
£1,058
Based on a loan of £210,000 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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