According to the public record, 3, The Grove, Lincoln is a mid-century freehold house and with 807 ft2 of internal area and sits on a 341 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
The Grove, Welton, Lincoln, LN2 is located in the borough of West Lindsey within the LN2 postal district.
3, The Grove, Lincoln has a single entry in the Land Registry database from February 2021 and a single entry in the EPC database dated January 2020.
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 The Grove Lincoln as £253,690 and the rental value as £948 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 3 The Grove Lincoln has increased by £6,585 (2.6%) and its rental value has increased by £29 per month (3.0%).
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, The Grove, Lincoln is in very good condition we estimate a sale value of £266,375 and rental value of £995 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,932 and a rental value of £882 per month.
If you were able to purchase this property for the estimated value of £253,690, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,247 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, 3, The Grove, Lincoln sits on a plot of 341m2.
We have plot size data on 7 out of 12 other houses in the postcode and 3, The Grove, Lincoln sits on the 5th largest plot.
According to HM Land Registry, 3, The Grove, Lincoln was last sold on 05 Feb 2021 for £200,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2021, the market for similar properties has risen 13.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, The Grove, Lincoln within a radius of 245m over the last 2 years.
The most recent example is 15, Brinkhall Way, Lincoln, LN2 3NS, a Freehold house which sold for £228,000 in Oct 2022.
Read more about house prices in LN2.
The Grove, Welton, Lincoln, LN2 has a total of 12 addresses. According to our analysis of all the public data, 3, The Grove, Lincoln is the 11th largest and the 10th most expensive property on the street.
When compared to the postcode district it is £9k more expensive than the average property in LN2.
3, The Grove, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jan 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 3, The Grove, Lincoln is Lincoln station which is 9.8 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, The Grove, Lincoln, 59.9% of property is privately owned outright and 28.2% 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, The Grove, Lincoln, 17.9% of residents are recorded as possessing school level qualifications and 37.1% 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, The Grove, Lincoln, the average age was 43.8 and the most common age was 52.
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, The Grove, Lincoln, 0.6% 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, The Grove, Lincoln, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.