According to the public record, 3, Cromwell Street, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 448 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Cromwell Street, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
3, Cromwell Street, Lincoln has 21 entries in the Land Registry database, most recently in August 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 3 Cromwell Street Lincoln as £97,504 and the rental value as £507 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 3 Cromwell Street Lincoln has increased by £5,247 (5.4%) and its rental value has increased by £31 per month (6.1%).
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 3, Cromwell Street, Lincoln is in very good condition we estimate a sale value of £102,379 and rental value of £533 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,679 and a rental value of £472 per month.
If you were able to purchase this property for the estimated value of £97,504, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £479 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, 3, Cromwell Street, Lincoln was last sold on 29 Aug 2013 for £50,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2013, the market for similar properties has risen 59.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Cromwell Street, Lincoln within a radius of 273m over the last 2 years.
The most recent example is 44, Oakfield Street, Lincoln, LN2 5LU, a Freehold house which sold for £120,000 in Mar 2023.
Read more about house prices in LN2.
Cromwell Street, Lincoln, LN2 has a total of 64 addresses. According to our analysis of all the public data, 3, Cromwell Street, Lincoln is the 64th largest and the 63rd most expensive property on the street.
When compared to the postcode district it is £147k less expensive than the average property in LN2.
The closest station to 3, Cromwell Street, Lincoln is Lincoln station which is 1.1 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 3, Cromwell Street, Lincoln, 63.2% of property is privately rented and 17.3% 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 3, Cromwell Street, Lincoln, 24.3% of residents are recorded as possessing school level qualifications and 29.8% 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 3, Cromwell Street, Lincoln, the average age was 34.1 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 3, Cromwell Street, 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 3, Cromwell 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.