According to the public record, 3, Water Lane, Lincoln is a period freehold house and with 1,097 ft2 of internal area and sits on a 391 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Water Lane, Bassingham, Lincoln, LN5 is located in the borough of North Kesteven within the LN5 postal district.
3, Water Lane, Lincoln has 2 entries in the Land Registry database, most recently in August 2020 and 2 entries in the EPC database, most recently in October 2019.
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 Water Lane Lincoln as £384,972 and the rental value as £1,215 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 3 Water Lane Lincoln has increased by £9,146 (2.4%) and its rental value has increased by £33 per month (2.7%).
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, Water Lane, Lincoln is in very good condition we estimate a sale value of £404,221 and rental value of £1,275 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £358,024 and a rental value of £1,130 per month.
If you were able to purchase this property for the estimated value of £384,972, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,892 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, Water Lane, Lincoln sits on a plot of 391m2.
We have plot size data on 22 out of 40 other houses in the postcode and 3, Water Lane, Lincoln sits on the 15th largest plot.
According to HM Land Registry, 3, Water Lane, Lincoln was last sold on 27 Aug 2020 for £283,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2020, the market for similar properties has risen 14.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Water Lane, Lincoln within a radius of 72m over the last 2 years.
The most recent example is 1A, Water Lane, Lincoln, LN5 9LA, a Freehold house which sold for £315,000 in Apr 2022.
Read more about house prices in LN5.
Water Lane, Bassingham, Lincoln, LN5 has a total of 43 addresses. According to our analysis of all the public data, 3, Water Lane, Lincoln is the 34th largest and the 28th most expensive property on the street.
When compared to the postcode district it is £172k more expensive than the average property in LN5.
3, Water Lane, Lincoln has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 21 Oct 2019.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 3, Water Lane, Lincoln is Swinderby station which is 6.0 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, Water Lane, Lincoln, 52.9% of property is privately owned outright and 32.3% 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, Water Lane, Lincoln, 14.4% of residents are recorded as possessing school level qualifications and 42.3% 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, Water Lane, Lincoln, the average age was 42.1 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, Water Lane, 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 3, Water Lane, Lincoln, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.