According to the public record, 2, Scothern Road, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 598 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Scothern Road, Nettleham, Lincoln, LN2 is located in the borough of West Lindsey within the LN2 postal district.
2, Scothern Road, Lincoln has 31 entries in the Land Registry database, most recently in June 2024 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 2 Scothern Road Lincoln as £185,687 and the rental value as £813 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of 2 Scothern Road Lincoln has increased by £8,668 (4.7%) and its rental value has increased by £44 per month (5.4%).
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, Scothern Road, Lincoln is in very good condition we estimate a sale value of £194,972 and rental value of £854 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £172,689 and a rental value of £756 per month.
If you were able to purchase this property for the estimated value of £185,687, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £913 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, Scothern Road, Lincoln was last sold on 12 Jun 2024 for £225,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2024, the market for similar properties has risen 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Scothern Road, Lincoln within a radius of 245m over the last 2 years.
The most recent example is 14, Aima Court, Lincoln, LN2 2XW, a Freehold house which sold for £170,000 in Oct 2022.
Read more about house prices in LN2.
Scothern Road, Nettleham, Lincoln, LN2 has a total of 56 addresses. According to our analysis of all the public data, 2, Scothern Road, Lincoln is the 52nd largest and the 52nd most expensive property on the street.
When compared to the postcode district it is £59k less expensive than the average property in LN2.
The closest station to 2, Scothern Road, Lincoln is Lincoln station which is 6.2 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 2, Scothern Road, Lincoln, 74.0% of property is privately owned outright and 18.9% 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, Scothern Road, Lincoln, 12.0% of residents are recorded as possessing school level qualifications and 49.4% 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, Scothern Road, Lincoln, the average age was 46.5 and the most common age was 72.
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, Scothern Road, 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, Scothern Road, 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.