According to the public record, 2, Reed Lane, Lincoln is a modern freehold house and with 914 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Reed Lane, Welton, Lincoln, LN2 is located in the borough of West Lindsey within the LN2 postal district.
2, Reed Lane, Lincoln has a single entry in the Land Registry database from June 2022 and a single entry in the EPC database dated March 2022.
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 good condition, we estimate the current sale value for 2 Reed Lane Lincoln as £288,088 and the rental value as £1,000 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of 2 Reed Lane Lincoln has increased by £7,977 (2.8%) and its rental value has increased by £32 per month (3.2%).
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, Reed Lane, Lincoln is in very good condition we estimate a sale value of £302,492 and rental value of £1,050 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,922 and a rental value of £930 per month.
If you were able to purchase this property for the estimated value of £288,088, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,416 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, 2, Reed Lane, Lincoln was last sold on 27 Jun 2022 for £284,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Reed Lane, Lincoln within a radius of 123m over the last 2 years.
The most recent example is 8, Reed Lane, Lincoln, LN2 3DU, a Freehold house which sold for £255,000 in Jun 2024.
Read more about house prices in LN2.
Reed Lane, Welton, Lincoln, LN2 has a total of 23 addresses. According to our analysis of all the public data, 2, Reed Lane, Lincoln is the 16th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £43k more expensive than the average property in LN2.
2, Reed Lane, Lincoln has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 15 Mar 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 2, Reed Lane, Lincoln is Lincoln station which is 10.1 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 2, Reed Lane, Lincoln, 52.7% of property is privately owned outright and 35.7% 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 2, Reed Lane, Lincoln, 18.7% of residents are recorded as possessing school level qualifications and 45.0% 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, Reed Lane, Lincoln, the average age was 43.8 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 2, Reed Lane, Lincoln, 0.6% 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, Reed Lane, Lincoln, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.