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Binbrook Close, Lincoln LN6 - Image 1
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Binbrook Close, Lincoln LN6

East Midlands

£130,000
Listed on 26/03/2026

Property Details

Bedrooms
2
Type
Semi Detached
Area
492 sqft

Description

This two-bedroom semi-detached house presents an appealing prospect for those looking to invest or create their ideal living space. Nestled in a tranquil residential setting in Lincoln, the property features a private driveway for convenient off-road parking. While it offers a bright and spacious lounge that is perfect for both relaxation and social gatherings, the home would benefit significantly from modern updates throughout. The kitchen, positioned at the rear and equipped with essential units, provides ample storage and workspace with direct access to the garden—ideal for outdoor entertaining or gardening enthusiasts. The upper floor includes two bedrooms alongside a family bathroom fitted with a traditional three-piece suite. Externally, enjoy a manageable rear garden complete with patio and lawn areas surrounded by mature shrubs, perfect for both leisure and potential landscaping improvements. With easy access to local amenities, schools, and transport links, as well as close proximity to Hartsholme Park, this property represents excellent value for first-time buyers or those seeking a profitable investment opportunity. The home is available without any onward chain considerations, making it ready for your personal touch to maximize its potential.

Investment Analysis

(LN6 area)

Above Market Value

This property is priced +7.5% above area average per sq ft

+7.5%
This Property
£264/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£133,081
10% above area average per sq ft
Potential ROI
-14.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
72
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by +1.6% over the last 12 months
3 year growth: +2.3%
5 year growth: +13.7%
Investment Disclaimer: Analysis based on LN6 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

Binbrook Close, Lincoln LN6
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£460
Based on a loan of £97,500 over 30 years at 3.91% 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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