According to the public record, 10, West Parade, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 2,085 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
West Parade, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
10, West Parade, Lincoln has 31 entries in the Land Registry database, most recently in April 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 10 West Parade Lincoln as £261,974 and the rental value as £1,237 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 10 West Parade Lincoln has increased by £5,987 (2.3%) and its rental value has increased by £38 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 10, West Parade, Lincoln is in very good condition we estimate a sale value of £275,073 and rental value of £1,299 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £243,636 and a rental value of £1,150 per month.
If you were able to purchase this property for the estimated value of £261,974, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,288 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 HM Land Registry, 10, West Parade, Lincoln was last sold on 16 Apr 2021 for £420,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2021, the market for similar properties has risen 9.6%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 10, West Parade, Lincoln within a radius of 450 metres over the last 2 years.
The most recent example is 12, West Parade, Lincoln, LN1 1JT, a Freehold house which sold for £420,000 in Apr 2021.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
West Parade, Lincoln, LN1 has a total of 252 addresses. According to our analysis of all the public data, 10, West Parade, Lincoln is the 15th largest and the 125th most expensive property on the street.
When compared to the postcode district it is £18k more expensive than the average property in LN1.
The closest station to 10, West Parade, Lincoln is Lincoln station which is 600 metres 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, West Parade, Lincoln, 58.6% of property is privately rented and 20.1% is privately owned outright.
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, West Parade, Lincoln, 38.9% of residents are recorded as possessing school level qualifications and 39.0% 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 10, West Parade, Lincoln, the average age was 28.8 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, West Parade, 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 10, West Parade, 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.