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Park Lane, Washingborough, LN4

East Midlands

£200,000

Listed on 20/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow
Area
1016 sqft

Description

This three-bedroom detached bungalow presents a prime opportunity for renovation in the popular village of Washingborough. Ideally located within walking distance to various local amenities such as a Co-op supermarket, Post Office, and traditional pubs, it offers both convenience and community. The property is in need of comprehensive modernisation throughout, making it an excellent investment for those looking to create their ideal home. The layout includes an entrance hall, kitchen, lounge, dining room, bathroom, WC, and three bedrooms. Outside, you'll find a lawned garden at both the front and rear along with a driveway and detached garage. Offered with no onward chain, this property is ready for a new owner to explore its full potential.

Investment analysis

(LN4 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£197/sq ft
Area Average
£240/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£268,727
10% above area average per sq ft
Potential ROI
+12.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN4)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -1.8%
5 year growth: +5.1%
Investment Disclaimer: Analysis based on LN4 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

Park Lane, Washingborough, LN4
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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
£756
Based on a loan of £150,000 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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