According to the public record, 10, Mercer Drive, Lincoln is a modern freehold house with 656 ft2 of internal area and sits on a 143 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Mercer Drive, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
10, Mercer Drive, Lincoln has 61 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated July 2018.
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 10 Mercer Drive Lincoln as £206,865 and the rental value as £762 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 10 Mercer Drive Lincoln has increased by £8,169 (3.9%) and its rental value has increased by £36 per month (4.8%).
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 10, Mercer Drive, Lincoln is in very good condition we estimate a sale value of £217,209 and rental value of £800 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £192,385 and a rental value of £709 per month.
If you were able to purchase this property for the estimated value of £206,865, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,017 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, 10, Mercer Drive, Lincoln sits on a plot of 143m2.
We have plot size data on 44 out of 57 other houses in the postcode and 10, Mercer Drive, Lincoln sits on the 36th largest plot.
According to HM Land Registry, 10, Mercer Drive, Lincoln was last sold on 05 Aug 2022 for £180,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Aug 2022, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 10, Mercer Drive, Lincoln within a radius of 840 metres over the last 2 years.
The most recent example is 28, Mercer Drive, Lincoln, LN1 1AG, a Freehold house which sold for £182,500 in Sep 2022.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mercer Drive, Lincoln, LN1 has a total of 57 addresses. According to our analysis of all the public data, 10, Mercer Drive, Lincoln is the 47th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £37k less expensive than the average property in LN1.
10, Mercer Drive, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Jul 2018.
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 10, Mercer Drive, Lincoln is Lincoln station which is 2.3 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 10, Mercer Drive, Lincoln, 46.2% of property is privately owned outright and 38.9% 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 10, Mercer Drive, Lincoln, 20.5% of residents are recorded as possessing school level qualifications and 50.7% 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 10, Mercer Drive, 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 10, Mercer Drive, Lincoln, 0.5% 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 10, Mercer Drive, Lincoln, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.