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Southdown, Lincoln, Lincolnshire LN5 - Image 1
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Southdown, Lincoln, Lincolnshire LN5

East Midlands

£200,000
Listed on 20/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1132 sqft

Description

Located in the desirable Southdown area of Lincoln, this three-bedroom detached home provides a prime opportunity for buyers interested in a renovation project. The property features a generous layout across two levels, offering ample space to reimagine and modernize. The ground floor comprises a welcoming entrance hallway that leads to a spacious lounge with abundant natural light from its large front window. The kitchen, positioned at the rear, is ready for an update and presents exciting possibilities for redesign. Completing this level are a convenient ground floor WC and storage area. Upstairs, the home boasts three bedrooms, including a sizable double bedroom with a front aspect and two additional rooms that could serve as children's bedrooms or home offices. The family bathroom currently features a basic three-piece suite but holds great potential for a complete renovation. Externally, the wraparound garden enhances the property's appeal, providing space for landscaping or possible extension (subject to planning approval). Additionally, off-street parking adds convenience. With local amenities such as shops and schools nearby, this property represents a fantastic long-term investment for those with vision and creativity.

Investment Analysis

(LN5 area)

Below Market Value

This property is priced -17.0% below area average per sq ft

-17.0%
Potential saving
This Property
£177/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£265,041
10% above area average per sq ft
Potential ROI
+6.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on LN5 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

Southdown, Lincoln, Lincolnshire LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 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