According to the public record, 3, St. Nicholas House 70, Lincoln is a modern leasehold apartment with 893 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in St. Nicholas House, Newport, Lincoln, LN1.
Newport, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
3, St. Nicholas House 70, Lincoln has 2 entries in the Land Registry database, most recently in February 2019 and a single entry in the EPC database dated April 2015.
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 St. Nicholas House 70 Lincoln as £323,425 and the rental value as £1,203 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 3 St. Nicholas House 70 Lincoln has increased by £15,251 (4.7%) and its rental value has increased by £67 per month (5.5%).
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, St. Nicholas House 70, Lincoln is in very good condition we estimate a sale value of £339,596 and rental value of £1,263 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £300,785 and a rental value of £1,119 per month.
If you were able to purchase this property for the estimated value of £323,425, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,590 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, St. Nicholas House 70, Lincoln was last sold on 08 Feb 2019 for £307,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2019, the market for similar properties has risen 17.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, St. Nicholas House 70, Lincoln within a radius of 510 metres over the last 2 years.
The most recent example is 4, St. Nicholas House 70, Newport, Lincoln, LN1 3DP, a Leasehold flat which sold for £320,000 in Jun 2021.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Newport, Lincoln, LN1 has a total of 281 addresses. According to our analysis of all the public data, 3, St. Nicholas House 70, Lincoln is the 61st largest and the 27th most expensive property on the street.
When compared to the postcode district it is £80k more expensive than the average property in LN1.
3, St. Nicholas House 70, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Apr 2015.
The property is not connected to mains gas and has multiple glazing throughout. It is heated using an electric boiler and radiators.
The closest station to 3, St. Nicholas House 70, Lincoln is Lincoln station which is 1.7 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, St. Nicholas House 70, Lincoln, 55.7% of property is privately owned outright and 32.8% 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, St. Nicholas House 70, Lincoln, 38.0% of residents are recorded as possessing school level qualifications and 35.9% 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, St. Nicholas House 70, 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, St. Nicholas House 70, Lincoln, 0.9% 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, St. Nicholas House 70, Lincoln, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.