According to the public record, 291, Newark Road, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,653 ft2 of internal area and sits on a 338 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Newark Road, Lincoln, LN5 is located in the borough of Lincoln within the LN5 postal district.
291, Newark Road, Lincoln has 2 entries in the Land Registry database, most recently in March 2011 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 291 Newark Road Lincoln as £179,494 and the rental value as £825 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 291 Newark Road Lincoln has increased by £5,203 (2.9%) and its rental value has increased by £27 per month (3.3%).
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 291, Newark Road, Lincoln is in very good condition we estimate a sale value of £188,469 and rental value of £866 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,930 and a rental value of £767 per month.
If you were able to purchase this property for the estimated value of £179,494, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £882 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, 291, Newark Road, Lincoln sits on a plot of 338m2.
We have plot size data on 9 out of 22 other houses in the postcode and 291, Newark Road, Lincoln sits on the 4th largest plot.
According to HM Land Registry, 291, Newark Road, Lincoln was last sold on 29 Mar 2011 for £150,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Mar 2011, the market for similar properties has risen 62.1%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 291, Newark Road, Lincoln within a radius of 435m over the last 2 years.
The most recent example is 258, Newark Road, Lincoln, LN6 8RP, a Freehold house which sold for £105,000 in Sep 2013.
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, 291, Newark Road, Lincoln is the 6th largest and the 23rd most expensive property on the street.
When compared to the postcode district it is £34k less expensive than the average property in LN5.
The closest station to 291, Newark Road, Lincoln is Lincoln station which is 2.6 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 291, Newark Road, Lincoln, 47.5% of property is privately rented and 24.7% 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 291, Newark Road, Lincoln, 14.4% of residents are recorded as possessing school level qualifications and 19.6% 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 291, Newark Road, Lincoln, the average age was 36.9 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 291, Newark Road, Lincoln, 2.3% 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 291, Newark Road, Lincoln, there are an average of 0.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.