3-bedroom bungalow · LN3 4JW
Listing removedReduced £15k (−7.7%) on 10 OctListed 127 days
Opportunity summary
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About
**development opportunity** Occupying a superb non estate plot of approximately 0.37 acres in the sought after village of Cherry Willingham, this spacious three bedroom detached bungalow offers exceptional potential for renovation, extension, or redevelopment (subject to the necessary planning permissions).
The accommodation comprises a porch, generous lounge/diner, kitchen, conservatory, inner hallway, three bedrooms, the master bedroom with en-suite WC, and a family bathroom.
The standout feature is undoubtedly the substantial plot, providing extensive outdoor space and, in the agent's opinion, potential for a building plot subject to planning consent.
Further benefits include a gravelled driveway offering ample off-road parking and a larger-than-average double garage. Viewing is essential. No chain.
**development opportunity** Occupying a superb non estate plot of approximately 0.37 acres in the sought after village of Cherry Willingham, this spacious three bedroom detached bungalow offers exceptional potential for renovation, extension, or redevelopment (subject to the necessary planning permissions).
The accommodation comprises a porch, generous lounge/diner, kitchen, conservatory, inner hallway, three bedrooms, the master bedroom with en-suite WC, and a family bathroom.
The standout feature is undoubtedly the substantial plot, providing extensive outdoor space and, in the agent's opinion, potential for a building plot subject to planning consent.
Further benefits include a gravelled driveway offering ample off-road parking and a larger-than-average double garage. Viewing is essential. No chain.
Non-traditional construction – mortgage options may be limited location The pleasant village of Cherry Willingham is located approximately 4 miles East of the Cathedral City of Lincoln.
The village has local shopping including a Co-op, post office, Doctor's surgery, pharmacy, public house, takeaways and local primary and secondary schooling.
Cherry Willingham is well served by the new Eastern Bypass providing easy access to the North of Lincoln and beyond and also has a direct bus route into Lincoln City Centre.
Porch With entrance door and double glazed windows to the side aspects.
Lounge/diner 24' 10" x 13' 10" (7.57m x 4.22m) With double glazed windows to the front and rear aspects, gas fire and two radiators.
Kitchen 13' 11" x 12' 9" (4.25m x 3.89m) Fitted with a range of wall and base units with work surfaces over, twin stainless steel sinks with side drainer and mixer tap over, spaces for fridge freezer and cooker, tiled splashbacks, breakfast bar, radiator and double glazed door to the front aspect.
Conservatory 20' 1" x 9' 7" (6.13m x 2.94m) With double glazed door to the rear garden and door to the driveway. Inner hallway With double glazed window to the to the front aspect and two radiators.
Bedroom 1 15' 10" x 10' 0" (4.84m x 3.05m) With double glazed window to the to the rear aspect and radiator.
En-suite WC With close coupled WC, pedestal wash hand basin, radiator and double glazed window to the side aspect.
Bedroom 2 16' 4" x 7' 6" (5.00m x 2.31m) With double glazed window to the to the front aspect and radiator.
Bedroom 3 16' 4" x 5' 11" (5.00m x 1.81m) With double glazed window to the to the front aspect and storage heater.
Bathroom 10' 5" x 9' 7" (3.18m x 2.93m) Fitted with a four piece suite comprising of panelled bath, shower cubicle, close coupled WC and pedestal wash hand basin, double glazed window to the rear aspect and radiator.
Outside The property sits on a large non estate plot of approximately 0.37 acres (sts). There are lawned gardens to the front, sides and rear.
There is a gravelled driveway leading to a detached garage. Garage 22' 2" x 19' 1" (6.76m x 5.82m) With light and power.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 38, Croft Lane, Lincoln
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