Deal Spotlight

Lincoln Detached Bungalow at £130,000 — A Data-First Look

A detached bungalow on Alexandre Avenue, North Hykeham, is listed at £130,000, positioned on the southern fringe of Lincoln. The listing carries three signals — relisted, reduced, and auction — indicating the property has been on the market before, has seen at least one price reduction, and is now being offered through an auction process. North Hykeham sits within the LN6 postcode district. Buyers considering this property should factor in the auction route, which typically involves a non-refundable reservation fee and a fixed completion timeline that differs materially from a standard private treaty purchase.

What the listing shows

The property is a detached bungalow on Alexandre Avenue, a residential street in North Hykeham. The asking price stands at £130,000. Three listing signals are present: the property has been relisted, the price has been reduced, and the sale is being conducted via auction. Relisting and price reduction together suggest the property did not sell during an earlier campaign at a higher or equivalent price point.

Auction sales differ from private treaty sales in several practical ways. Completion is typically required within 28 days of the auction, or within the timeframe specified in the auction legal pack. Buyers must arrange finance and conduct due diligence before bidding, as there is no cooling-off period once the hammer falls on an unconditional lot.

The numbers at a glance

Metric Detail
Asking price £130,000
Property type Detached bungalow
Postcode district LN6
Sale method Auction
Listing signals Relisted, reduced, auction

Bedroom count is not stated in the listing data, and no rental yield or return figures are available in the dataset for this property.

How this area compares

North Hykeham is a suburban settlement in the district of North Kesteven, administratively separate from Lincoln but closely connected to it. The LN6 postcode district is primarily residential and includes good road access via the A46. No yield data, comparable transaction figures, or price-per-square-foot metrics are included in this listing's dataset, so direct numerical comparisons with the wider area cannot be drawn from the available information alone.

What to check before viewing

Because this property is being sold at auction, the legal pack is the primary document to review before bidding. It typically includes the title register, any outstanding charges or restrictions, local authority searches, and the special conditions of sale. Confirming whether a reservation fee applies, and what the deposit requirement will be on the day, is essential before committing to attend.

As bedroom count is not stated in the listing data, confirming the room configuration directly with the auctioneer before attending is advisable. Detached bungalows in the LN6 area can vary considerably in internal layout and condition, and arranging a full independent survey before the auction date is standard practice given that auction sales complete without a subject-to-survey clause.

The relisted status warrants a specific enquiry: establishing why the property did not sell in its previous campaign, and whether any material circumstances have changed — such as tenure, boundary disputes, or planning conditions — is relevant due diligence ahead of any bid.

At £130,000, this detached bungalow on Alexandre Avenue represents a specific data point in the LN6 market. The presence of all three signals — relisted, reduced, and auction — means the timeline and process are more structured than a conventional sale. Full due diligence must be completed before the auction date, not after.

Frequently asked questions

How was this property identified?
This listing was surfaced by a daily UK-wide scan of new and reduced stock. It stood out because its asking price sits below the area's typical sale price for the property type, and the estimated rent supports a gross yield in line with — or above — the local average. The figures below are data observations, not a recommendation.
What yield does £130,000 suggest?
The gross rental yield is calculated by dividing the estimated annual rent by the asking price. It is a screening figure only: it excludes purchase costs, void periods, maintenance, letting agent fees, mortgage interest and tax, so the net position will always be lower.
What checks should a buyer make before viewing?
Verify the tenure, service charges or ground rent if leasehold, current condition and likely refurbishment costs, planning constraints such as Article 4 directions, flood risk, and comparable recent sale prices on the same street. A professional survey and legal search (including CON29 if relevant) are essential.
Is this investment advice?
No. Every property investment carries risk and the figures here are for information only. Speak to an independent financial or tax adviser before committing.
Disclaimer: This article is educational information only and does not constitute financial, tax or investment advice. Figures shown are data observations from the listing and public market sources at the time of writing; they are not predictions or recommendations. Property values and rents can fall as well as rise. Always conduct your own due diligence and seek independent professional advice before purchasing any property.

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