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East Midlands
£165,000
Listed on 03/09/2026
Listed on 03/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached property on Ingham Road in Coningsby presents an appealing opportunity for first-time buyers, downsizers, and investors. The asking price of £165,000 equates to just £207/sqf, notably below the local average of £240/sqf. This affordability allows for a promising entry point into the market, making it an attractive proposition for those looking to invest in a renovation project.
The home boasts good kerb appeal and a practical layout, offering a blank canvas ready for modernisation. While the interiors are dated and show signs of general wear, this provides ample scope for improvements. The kitchen features basic units that could be upgraded, and the living area, which connects seamlessly to the rear garden, is perfect for reconfiguration and enhancement. Although there are potential damp issues noted, the overall project scale appears manageable, making this property a worthwhile consideration for those looking to create value.
Renovation economics are a softer point: works of around £37,500 on top of purchase push all-in figures towards £202,500 — around 5% above what similar-sized stock commands locally today. Not necessarily a deal-breaker for a project buyer, but it caps the headline score.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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
Indicative tax based on the asking price and the options you select.
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