According to the public record, Rear Of 285, Newark Road, Lincoln is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 279 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in 285, Newark Road, Lincoln, LN5.
Newark Road, Lincoln, LN5 is located in the borough of Lincoln within the LN5 postal district.
Rear Of 285, Newark Road, Lincoln has 2 entries in the Land Registry database, most recently in September 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 Rear Of 285 Newark Road Lincoln as £60,619 and the rental value as £388 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of Rear Of 285 Newark Road Lincoln has increased by £3,527 (5.8%) and its rental value has increased by £24 per month (6.3%).
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 Rear Of 285, Newark Road, Lincoln is in very good condition we estimate a sale value of £63,650 and rental value of £407 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £56,375 and a rental value of £360 per month.
If you were able to purchase this property for the estimated value of £60,619, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £298 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, Rear Of 285, Newark Road, Lincoln was last sold on 27 Oct 2010 for £35,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within a 22m radius of Rear Of 285, Newark Road, Lincoln over the last 2 years.
The most recent example is 287, Newark Road, Lincoln, LN5 8PE, a Freehold house which sold for £105,000 in Mar 2021.
Read more about house prices in LN5.
Newark Road, Lincoln, LN5 has a total of 302 addresses. According to our analysis of all the public data, Rear Of 285, Newark Road, Lincoln is the 296th largest and the 295th most expensive property on the street.
When compared to the postcode district it is £153k less expensive than the average property in LN5.
The closest station to Rear Of 285, Newark Road, Lincoln is Lincoln station which is 2.6 km away.