According to the public record, 3 Lawrence House, Lincoln is a modern leasehold apartment with 956 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lawrence House, Cecil Street, Lincoln, LN1.
Cecil Street, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
3 Lawrence House, Lincoln has 2 entries in the Land Registry database, most recently in April 2016 and a single entry in the EPC database dated March 2011.
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 3 Lawrence House Lincoln as £293,568 and the rental value as £1,066 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 3 Lawrence House Lincoln has increased by £13,639 (4.6%) and its rental value has increased by £58 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 3 Lawrence House, Lincoln is in very good condition we estimate a sale value of £308,246 and rental value of £1,120 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £273,018 and a rental value of £992 per month.
If you were able to purchase this property for the estimated value of £293,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,443 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 Lawrence House, Lincoln was last sold on 08 Apr 2016 for £242,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Apr 2016, the market for similar properties has risen 28.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3 Lawrence House, Lincoln within a radius of 480 metres over the last 2 years.
The most recent example is 38, Nettleham Road, Lincoln, LN2 1RE, a Leasehold flat which sold for £370,000 in Feb 2024.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cecil Street, Lincoln, LN1 has a total of 107 addresses. According to our analysis of all the public data, 3 Lawrence House, Lincoln is the 34th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £50k more expensive than the average property in LN1.
3 Lawrence House, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Mar 2011.
The property is not connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 3 Lawrence House, Lincoln is Lincoln station which is 1.3 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 3 Lawrence House, Lincoln, 42.0% of property is privately rented and 27.7% 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 Lawrence House, Lincoln, 12.0% of residents are recorded as possessing school level qualifications and 52.5% 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 Lawrence House, 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 3 Lawrence House, Lincoln, 0.5% 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 Lawrence House, 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.