Redwood Drive, Waddington, LN5
East Midlands
£190,000
Listed on 03/09/2026
Listed on 03/09/2026
The listing
Property details
Bedrooms
2Type
Detached BungalowArea
743 sqftFeatures
- Garage
- Garden
- Parking
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.
37out of 100
Grade ELow opportunity
Confidence: MEDIUM
This detached two-bedroom bungalow has a usable starting point and a clear light-refurb canvas: dated finishes run through the living room and bedrooms, while the kitchen and shower room offer scope for a cosmetic refresh. The driveway, separate garage and private garden with two patio areas add practical appeal, and the exterior and roof look generally intact in the available views.
The numbers are the main constraint. At £190,000, the asking price is around 16% above the local £/sqf average; adding the £6,000–£14,000 refurb range also leaves the purchase-plus-works cost stretched against the local benchmark for this floor area. That benchmark is not a forecast of the value after renovation, so the project’s appeal depends on whether the finished home can justify the extra spend.
Key opportunities
- Refresh the dated kitchen and shower room while updating finishes and flooring through the living room and two bedrooms.
- Make better use of the private garden, two patio areas and established planting with straightforward tidying and lawn improvement.
- Retain the practical appeal of the driveway and separate garage, alongside the detached bungalow layout.
Key risks
- At the asking price, even the light refurbishment budget pushes purchase-plus-works costs above the local benchmark for this floor area, leaving limited headroom on the figures provided.
- Worth allowing for £200,000 before you finish, with refurbishment in the region of £10,000, about 18% ahead of typical local benchmarks for this size. Finished value after works is not modelled here.
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Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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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.
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