According to the public record, 23, Wellington Street, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 851 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Wellington Street, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
23, Wellington Street, Lincoln has 31 entries in the Land Registry database, most recently in January 2013 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 23 Wellington Street Lincoln as £153,609 and the rental value as £781 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 23 Wellington Street Lincoln has increased by £5,470 (3.6%) and its rental value has increased by £34 per month (4.3%).
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 23, Wellington Street, Lincoln is in very good condition we estimate a sale value of £161,289 and rental value of £820 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £142,856 and a rental value of £726 per month.
If you were able to purchase this property for the estimated value of £153,609, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £755 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, 23, Wellington Street, Lincoln was last sold on 11 Jan 2013 for £90,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jan 2013, the market for similar properties has risen 64.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 23, Wellington Street, Lincoln within a radius of 360 metres over the last 2 years.
The most recent example is 21, Allison Street, Lincoln, LN1 1PX, a Freehold house which sold for £138,000 in Jul 2023.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wellington Street, Lincoln, LN1 has a total of 31 addresses. According to our analysis of all the public data, 23, Wellington Street, Lincoln is the 14th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £90k less expensive than the average property in LN1.
The closest station to 23, Wellington Street, Lincoln is Lincoln station which is 1.2 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 23, Wellington Street, Lincoln, 69.0% of property is privately rented and 10.1% 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 23, Wellington Street, Lincoln, 66.5% of residents are recorded as possessing school level qualifications and 20.6% 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 23, Wellington Street, 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 23, Wellington Street, 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 23, Wellington Street, Lincoln, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.