According to the public record, 2, Barratts Close, Lincoln is a early-century freehold house with 1,194 ft2 of internal area and sits on a 343 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Barratts Close, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
2, Barratts Close, Lincoln has 51 entries in the Land Registry database, most recently in March 2021 and a single entry in the EPC database dated January 2016.
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 2 Barratts Close Lincoln as £439,562 and the rental value as £1,386 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 2 Barratts Close Lincoln has increased by £7,740 (1.8%) and its rental value has increased by £35 per month (2.5%).
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 2, Barratts Close, Lincoln is in very good condition we estimate a sale value of £461,541 and rental value of £1,455 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £408,793 and a rental value of £1,289 per month.
If you were able to purchase this property for the estimated value of £439,562, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,160 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, 2, Barratts Close, Lincoln sits on a plot of 343m2.
We have plot size data on 4 out of 8 other houses in the postcode and 2, Barratts Close, Lincoln sits on the 4th largest plot.
According to HM Land Registry, 2, Barratts Close, Lincoln was last sold on 12 Mar 2021 for £415,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Mar 2021, the market for similar properties has risen 10.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Barratts Close, Lincoln within a radius of 660 metres over the last 2 years.
The most recent example is 15, St. Giles Avenue, Lincoln, LN2 4PE, a Freehold house which sold for £380,000 in Feb 2022.
Read more about house prices in LN2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Barratts Close, Lincoln, LN2 has a total of 8 addresses. According to our analysis of all the public data, 2, Barratts Close, Lincoln is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £195k more expensive than the average property in LN2.
2, Barratts Close, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 20 Jan 2016.
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 2, Barratts Close, Lincoln is Lincoln station which is 1.3 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 2, Barratts Close, 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 2, Barratts Close, 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 2, Barratts 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 2, Barratts Close, 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 2, Barratts Close, 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.