According to the public record, 15, Madden Close, Lincoln is a modern freehold house with 1,022 ft2 of internal area and sits on a 128 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Madden Close, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
15, Madden Close, Lincoln has 31 entries in the Land Registry database, most recently in November 2020 and a single entry in the EPC database dated December 2019.
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 15 Madden Close Lincoln as £237,262 and the rental value as £959 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 15 Madden Close Lincoln has increased by £7,335 (3.1%) and its rental value has increased by £37 per month (3.9%).
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 15, Madden Close, Lincoln is in very good condition we estimate a sale value of £249,125 and rental value of £1,007 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £220,654 and a rental value of £892 per month.
If you were able to purchase this property for the estimated value of £237,262, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,166 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, 15, Madden Close, Lincoln sits on a plot of 128m2.
We have plot size data on 7 out of 8 other houses in the postcode and 15, Madden Close, Lincoln sits on the 4th largest plot.
According to HM Land Registry, 15, Madden Close, Lincoln was last sold on 18 Nov 2020 for £180,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Nov 2020, the market for similar properties has risen 15.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Madden Close, Lincoln within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 218, Long Leys Road, Lincoln, LN1 1EQ, a Freehold house which sold for £223,000 in Mar 2023.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Madden Close, Lincoln, LN1 has a total of 8 addresses. According to our analysis of all the public data, 15, Madden Close, Lincoln is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £6k less expensive than the average property in LN1.
15, Madden Close, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Dec 2019.
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 15, Madden Close, Lincoln is Lincoln station which is 2.5 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 15, Madden Close, Lincoln, 47.6% of property is privately owned with a mortgage and 34.1% is privately rented.
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 15, Madden Close, Lincoln, 17.1% of residents are recorded as possessing school level qualifications and 52.9% 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 15, Madden Close, 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 15, Madden Close, Lincoln, 1.3% 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 15, Madden Close, Lincoln, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.