According to the public record, 1, Spital Street, Lincoln is a modern freehold house with 1,356 ft2 of internal area and sits on a 41.3 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Spital Street, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
1, Spital Street, Lincoln has a single entry in the Land Registry database from November 2017 and a single entry in the EPC database dated January 2014.
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 reasonable condition, we estimate the current sale value for 1 Spital Street Lincoln as £233,880 and the rental value as £1,026 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 1 Spital Street Lincoln has increased by £5,070 (2.2%) and its rental value has increased by £30 per month (3.0%).
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, Spital Street, Lincoln is in very good condition we estimate a sale value of £245,574 and rental value of £1,078 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £217,508 and a rental value of £954 per month.
If you were able to purchase this property for the estimated value of £233,880, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,149 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, Spital Street, Lincoln sits on a plot of 41m2.
We have plot size data on 39 out of 51 other houses in the postcode and 1, Spital Street, Lincoln sits on the 36th largest plot.
According to HM Land Registry, 1, Spital Street, Lincoln was last sold on 28 Nov 2017 for £170,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2017, the market for similar properties has risen 24.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1, Spital Street, Lincoln within a radius of 470 metres over the last 2 years.
The most recent example is 79A, Burton Road, Lincoln, LN1 3JZ, a Freehold house which sold for £268,000 in Mar 2023.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spital Street, Lincoln, LN1 has a total of 52 addresses. According to our analysis of all the public data, 1, Spital Street, Lincoln is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £10k less expensive than the average property in LN1.
1, Spital Street, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Jan 2014.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 1, Spital Street, Lincoln is Lincoln station which is 1.6 kilometres 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, Spital Street, Lincoln, 44.0% of property is privately rented and 21.6% 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, Spital Street, Lincoln, 25.4% of residents are recorded as possessing school level qualifications and 40.3% 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, Spital Street, Lincoln, the average age was 39.2 and the most common age was 22.
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, Spital Street, Lincoln, 0.0% 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, Spital Street, Lincoln, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.