According to the public record, 2, Laney Close, Lincoln is a mid-century freehold house and with 914 ft2 of internal area and sits on a 348 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Laney Close, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
2, Laney Close, Lincoln has 31 entries in the Land Registry database, most recently in January 2016 and a single entry in the EPC database dated September 2015.
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 Laney Close Lincoln as £271,152 and the rental value as £968 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 2 Laney Close Lincoln has increased by £7,691 (2.8%) and its rental value has increased by £36 per month (3.7%).
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 2, Laney Close, Lincoln is in very good condition we estimate a sale value of £284,710 and rental value of £1,016 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £252,171 and a rental value of £900 per month.
If you were able to purchase this property for the estimated value of £271,152, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,333 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, Laney Close, Lincoln sits on a plot of 348m2.
We have plot size data on 14 out of 25 other houses in the postcode and 2, Laney Close, Lincoln sits on the 7th largest plot.
According to HM Land Registry, 2, Laney Close, Lincoln was last sold on 14 Jan 2016 for £160,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2016, the market for similar properties has risen 41.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Laney Close, Lincoln within a radius of 219m over the last 2 years.
The most recent example is 19, Montaigne Crescent, Lincoln, LN2 4QN, a Freehold house which sold for £245,000 in Feb 2020.
Read more about house prices in LN2.
Laney Close, Lincoln, LN2 has a total of 25 addresses. According to our analysis of all the public data, 2, Laney Close, Lincoln is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £26k more expensive than the average property in LN2.
2, Laney Close, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Sep 2015.
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, Laney Close, Lincoln is Lincoln station which is 3.0 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 2, Laney Close, Lincoln, 46.9% of property is privately owned with a mortgage and 42.3% 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, Laney Close, Lincoln, 18.4% of residents are recorded as possessing school level qualifications and 33.3% 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 2, Laney Close, Lincoln, the average age was 40.7 and the most common age was 32.
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, Laney Close, 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 2, Laney Close, Lincoln, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.