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Carrington Drive, Lincoln

East Midlands

£160,000

Listed on 21/07/2026

Property details

Bedrooms
2
Type
Semi Detached
Area
894 sqft

Description

This two-bedroom semi-detached home is located in a sought-after residential area, surrounded by essential amenities such as schools and shops, making it an attractive investment opportunity. The property features a practical layout consisting of an entrance porch leading to a hallway, a kitchen with essential fixtures, and a spacious lounge that opens onto the rear garden through French doors. Upstairs, there are two well-proportioned bedrooms along with a family bathroom designed in a wet room style. The external space is particularly noteworthy; the front garden has potential for off-road parking should the necessary permissions be obtained for a dropped kerb. The generous rear garden is fully enclosed and includes multiple storage sheds, providing ample space for outdoor activities or possible expansion in the future. This property presents an excellent canvas for renovation and personalization, suitable for both first-time buyers and seasoned investors alike.

Investment analysis

(LN6 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£179/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£240,097
10% above area average per sq ft
Potential ROI
+29.8%
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

Carrington Drive, 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
£604
Based on a loan of £120,000 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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