According to the public record, 16, Village Farm, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,136 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Village Farm, Bassingham, Lincoln, LN5 is located in the borough of North Kesteven within the LN5 postal district.
16, Village Farm, Lincoln has a single entry in the Land Registry database from August 2011 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 16 Village Farm Lincoln as £498,469 and the rental value as £1,530 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 16 Village Farm Lincoln has increased by £12,411 (2.5%) and its rental value has increased by £43 per month (2.8%).
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 16, Village Farm, Lincoln is in very good condition we estimate a sale value of £523,392 and rental value of £1,606 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £463,576 and a rental value of £1,423 per month.
If you were able to purchase this property for the estimated value of £498,469, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,450 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, Village Farm, Lincoln was last sold on 31 Aug 2011 for £458,600 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2011, the market for similar properties has risen 66.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Village Farm, Lincoln within a radius of 147m over the last 2 years.
The most recent example is 8, Village Farm, Lincoln, LN5 9FS, a Freehold house which sold for £675,000 in Jul 2022.
Read more about house prices in LN5.
Village Farm, Bassingham, Lincoln, LN5 has a total of 15 addresses. According to our analysis of all the public data, 16, Village Farm, Lincoln is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £285k more expensive than the average property in LN5.
The closest station to 16, Village Farm, Lincoln is Swinderby station which is 6.1 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, Village Farm, Lincoln, 52.9% of property is privately owned outright and 32.3% 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 16, Village Farm, Lincoln, 14.4% of residents are recorded as possessing school level qualifications and 42.3% 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 16, Village Farm, Lincoln, the average age was 42.1 and the most common age was 52.
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, Village Farm, Lincoln, 2.3% 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 16, Village Farm, 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.