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8 Pennycress Close, Lincoln LN2 - Image 1
8 Pennycress Close, Lincoln LN2 - Image 2
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8 Pennycress Close, Lincoln LN2

East Midlands

£300,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in a quiet cul-de-sac in the desirable Nettleham Fields area, this spacious three-bedroom detached bungalow presents an ideal opportunity for renovation and investment. The property sits on a generous plot, offering ample outdoor space and significant potential for future enhancements. The exterior of the home immediately captures attention with its expansive frontage, which includes off-road parking for multiple vehicles and a detached garage equipped with power and lighting. The front and rear gardens are well-maintained, and the rear garden stands out as a bright, private retreat perfect for relaxation or outdoor gatherings. Additionally, there’s room along the side of the bungalow that could accommodate a motorhome or allow for possible extensions, subject to planning approval. Inside, the layout is functional and inviting. A welcoming entrance hall connects to a bright living room featuring a large bay window that fills the space with natural light. This flows seamlessly into the dining area through an archway—an excellent design for entertaining or family meals. The kitchen/breakfast room is equipped with ample storage and workspace, as well as direct access to the garden, making it convenient for alfresco dining. The bungalow comprises three generously sized bedrooms alongside a family bathroom and separate WC. While the interior is well-maintained, it offers plenty of scope for new owners to inject their personal style and updates. This property's location enhances its appeal; it’s conveniently situated within walking distance of local amenities including shops, supermarkets, schools, and restaurants. Public transport options are readily available nearby, providing easy access to Lincoln city center—approximately two miles away—as well as good road links via the A46 to Grimsby and Newark. Overall, this bungalow represents an excellent investment opportunity in one of Lincoln's popular residential areas. Whether you're looking for a family home or a renovation project with solid potential for value increase, this property holds promise in both comfortable living and customization opportunities.

Investment Analysis

(LN2 area)
Area Average
£247/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.1%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (LN2)

Area prices are falling by +3.0% over the last 12 months
3 year growth: -4.1%
5 year growth: 8.7%
Investment Disclaimer: Analysis based on LN2 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

8 Pennycress Close, Lincoln LN2
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Mortgage Calculator

£
£
£
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%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE