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Redwood Drive, Waddington, LN5 - Image 1
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Redwood Drive, Waddington, LN5

East Midlands

£190,000

Listed on 03/09/2026

The listing

Property details

Bedrooms
2
Type
Detached Bungalow
Area
743 sqft

Description

This detached two-bedroom house presents a fantastic opportunity for those looking to create their ideal living space. Offered with no onward chain, the property is in need of modernisation, making it perfect for buyers eager to undertake a project. The traditional layout allows for potential reconfiguration to suit personal tastes and lifestyle needs. Conveniently located near local amenities, this home is within easy reach of shops, schools, and transport links. The property features a driveway for off-road parking, a valuable asset in today's market. Step outside to find a private rear garden primarily laid to lawn, ideal for relaxation or entertaining. Two patio areas are perfect for summer barbecues, and a garden shed offers additional storage for tools or outdoor equipment. The front garden enhances the home's curb appeal, while the side driveway leads to a separate garage, providing even more parking or storage options. This outdoor space is a great asset for gardening enthusiasts or anyone wanting a serene area to enjoy the fresh air.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

33out of 100
Grade ELow opportunity

Confidence: MEDIUM

This detached two-bedroom house presents a promising renovation opportunity, especially for buyers eager to put their own stamp on a home. While the property is in need of modernisation with dated interiors throughout, it boasts a good-sized garden and off-road parking, which are valuable assets in this area. The traditional layout offers potential for reconfiguration, allowing you to create a space that truly reflects your style.

However, the asking price of £190,000 translates to £256/sqf, which is notably above the local average of £221/sqf, making it a dear proposition in this market. Furthermore, when factoring in the renovation costs estimated between £40,000 and £80,000, the all-in costs stretch to around £250,000, which is significantly higher than the local average implied value of approximately £164,054. This places the overall economics in a weak position, suggesting that while the project has merit, the financials may warrant careful consideration.

Key opportunities

  • Good outdoor space with a private rear garden and two patio areas for entertaining.
  • Off-road parking available, enhancing the property's appeal.
  • Potential for reconfiguration of the traditional layout to suit personal style.

Key risks

  • Asking price plus estimated renovation costs leaves all-in expenses stretched against local benchmarks for the floor area.

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Map

Location

Redwood Drive, Waddington, LN5
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£718
Based on a loan of £142,500 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.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

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