According to the public record, 16, The Cloisters, Lincoln is a modern leasehold apartment and with 624 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The Cloisters, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
16, The Cloisters, Lincoln has 2 entries in the Land Registry database, most recently in March 2016 and 2 entries in the EPC database, most recently in February 2020.
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 16 The Cloisters Lincoln as £171,543 and the rental value as £702 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 16 The Cloisters Lincoln has increased by £8,540 (5.0%) and its rental value has increased by £40 per month (5.7%).
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 16, The Cloisters, Lincoln is in very good condition we estimate a sale value of £180,120 and rental value of £737 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £159,535 and a rental value of £653 per month.
If you were able to purchase this property for the estimated value of £171,543, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £843 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, 16, The Cloisters, Lincoln was last sold on 23 Mar 2016 for £154,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Mar 2016, the market for similar properties has risen 28.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, The Cloisters, Lincoln within a radius of 26m over the last 2 years.
The most recent example is 10, The Cloisters, Lincoln, LN2 4AS, a Leasehold flat which sold for £153,500 in Mar 2023.
Read more about house prices in LN2.
The Cloisters, Lincoln, LN2 has a total of 28 addresses. According to our analysis of all the public data, 16, The Cloisters, Lincoln is the 27th largest and the 27th most expensive property on the street.
When compared to the postcode district it is £73k less expensive than the average property in LN2.
16, The Cloisters, Lincoln has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 20 Feb 2020.
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 16, The Cloisters, Lincoln is Lincoln station which is 1.2 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 16, The Cloisters, Lincoln, 49.7% of property is privately rented and 29.1% 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 16, The Cloisters, Lincoln, 12.5% of residents are recorded as possessing school level qualifications and 57.1% 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 16, The Cloisters, 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 16, The Cloisters, Lincoln, 2.1% 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 16, The Cloisters, Lincoln, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.