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Redwood Drive, Waddington, Lincoln LN5 - Image 1
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Redwood Drive, Waddington, Lincoln LN5

East Midlands

£230,000

Listed on 15/05/2026

Property Details

Bedrooms
3
Type
Detached

Description

Situated in the desirable village of Waddington, this three-bedroom chalet-style home presents a promising opportunity for those looking to invest in a spacious property with potential for modernization. Set on a substantial plot that features extensive front and rear gardens, this residence includes ample parking and a detached garage, making it ideal not only for families but also for investors keen on enhancing its value. The versatile layout includes a ground floor bedroom that could easily serve as an office or additional reception room, catering to various lifestyle needs. The property is currently vacant, allowing for immediate occupancy or renovation without delay. Inside, you’ll find an entrance hallway leading to a well-sized lounge dining area that connects seamlessly with a conservatory—perfect for creating an inviting entertaining space. Upstairs offers two generously sized bedrooms, one of which has the potential for conversion into a contemporary shower room. While the home is generally well-maintained, minor updates throughout would significantly increase its appeal and functionality. This property not only invites your personal touch but also stands as a strong investment opportunity within a community that boasts excellent amenities and transport links to Lincoln city centre.

Investment Analysis

(LN5 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +9.6% over the last 12 months
3 year growth: +4.6%
5 year growth: +1.3%
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

Redwood Drive, Waddington, Lincoln LN5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£821
Based on a loan of £172,500 over 30 years at 3.97% 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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