According to the public record, 2, Verdun Close, Lincoln is a modern freehold house with 645 ft2 of internal area and sits on a 363 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Verdun Close, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
2, Verdun Close, Lincoln has 21 entries in the Land Registry database, most recently in August 2018 and a single entry in the EPC database dated February 2019.
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 Verdun Close Lincoln as £208,815 and the rental value as £796 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 2 Verdun Close Lincoln has increased by £9,630 (4.6%) and its rental value has increased by £43 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, Verdun Close, Lincoln is in very good condition we estimate a sale value of £219,256 and rental value of £836 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £194,198 and a rental value of £740 per month.
If you were able to purchase this property for the estimated value of £208,815, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,026 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, Verdun Close, Lincoln sits on a plot of 363m2.
We have plot size data on 5 out of 9 other houses in the postcode and 2, Verdun Close, Lincoln sits on the 2nd largest plot.
According to HM Land Registry, 2, Verdun Close, Lincoln was last sold on 31 Aug 2018 for £170,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2018, the market for similar properties has risen 26.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Verdun Close, Lincoln within a radius of 550 metres over the last 2 years.
The most recent example is 27, Falklands Close, Lincoln, LN1 3XH, a Freehold house which sold for £172,500 in Nov 2023.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Verdun Close, Lincoln, LN1 has a total of 9 addresses. According to our analysis of all the public data, 2, Verdun Close, Lincoln is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £35k less expensive than the average property in LN1.
2, Verdun Close, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Feb 2019.
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, Verdun Close, Lincoln is Lincoln station which is 2.5 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, Verdun Close, Lincoln, 33.5% of property is privately owned outright and 23.8% is socially rented.
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, Verdun Close, Lincoln, 12.8% of residents are recorded as possessing school level qualifications and 24.9% 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, Verdun Close, Lincoln, the average age was 36.8 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, Verdun Close, Lincoln, 0.3% 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 2, Verdun Close, Lincoln, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.