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New Crescent, Cherry Willingham LN3

East Midlands

£200,000

Listed on 16/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
771 sqft

Description

This two-bedroom detached bungalow, situated in the desirable village of Cherry Willingham, presents an excellent opportunity for those looking to undertake a renovation project and create a personalized living space. The property requires comprehensive updates throughout but offers generous room sizes including a spacious lounge, conservatory, and two double bedrooms. Additional features include a private rear garden and a garage, which are essential for enhancing outdoor living space. The layout consists of an entrance hallway leading into the lounge, kitchen, wet room, and two double bedrooms, all providing a solid foundation for potential transformation. With no onward chain, this property is particularly attractive to buyers aiming to invest in a sought-after residential area known for its local amenities such as shops, schools, and transport links to Lincoln City Centre.

Investment Analysis

(LN3 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£259/sq ft
Area Average
£248/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£209,990
10% above area average per sq ft
Potential ROI
-12.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN3)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -1.7%
5 year growth: +17.3%
Investment Disclaimer: Analysis based on LN3 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

New Crescent, Cherry Willingham LN3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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.

Stamp Duty Calculator

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