According to the public record, 1, Reed Lane, Lincoln is a modern freehold house and with 1,356 ft2 of internal area and sits on a 396 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Reed Lane, Welton, Lincoln, LN2 is located in the borough of West Lindsey within the LN2 postal district.
1, Reed Lane, Lincoln has a single entry in the Land Registry database from June 2021 and a single entry in the EPC database dated May 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 1 Reed Lane Lincoln as £369,007 and the rental value as £1,198 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 1 Reed Lane Lincoln has increased by £5,434 (1.5%) and its rental value has increased by £23 per month (1.9%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 1, Reed Lane, Lincoln is in very good condition we estimate a sale value of £387,458 and rental value of £1,258 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £343,177 and a rental value of £1,114 per month.
If you were able to purchase this property for the estimated value of £369,007, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,814 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 1, Reed Lane, Lincoln sits on a plot of 396m2.
We have plot size data on 21 out of 23 other houses in the postcode and 1, Reed Lane, Lincoln sits on the 7th largest plot.
According to HM Land Registry, 1, Reed Lane, Lincoln was last sold on 11 Jun 2021 for £375,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2021, the market for similar properties has risen 7.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Reed Lane, Lincoln within a radius of 60m over the last 2 years.
The most recent example is 23, Reed Lane, Lincoln, LN2 3DU, a Freehold house which sold for £359,995 in Sep 2021.
Read more about house prices in LN2.
Reed Lane, Welton, Lincoln, LN2 has a total of 23 addresses. According to our analysis of all the public data, 1, Reed Lane, Lincoln is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £124k more expensive than the average property in LN2.
1, Reed Lane, Lincoln has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 11 May 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 1, Reed Lane, Lincoln is Lincoln station which is 10.1 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Reed Lane, Lincoln, 52.7% of property is privately owned outright and 35.7% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 1, Reed Lane, Lincoln, 18.7% of residents are recorded as possessing school level qualifications and 45.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 1, Reed Lane, Lincoln, the average age was 43.8 and the most common age was 52.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 1, Reed Lane, Lincoln, 0.6% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 1, Reed Lane, Lincoln, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.