According to the public record, 31, Farmery Lane, Lincoln is a modern house with 1,636 ft2 of internal area and sits on a 16,909 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Farmery Lane, Welton, Lincoln, LN2 is located in the borough of West Lindsey within the LN2 postal district.
31, Farmery Lane, Lincoln has no records in the Land Registry database and a single entry in the EPC database dated July 2023.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in good condition, we estimate the current sale value for 31 Farmery Lane Lincoln as £410,956 and the rental value as £1,295 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 31 Farmery Lane Lincoln has increased by £6,052 (1.5%) and its rental value has increased by £25 per month (1.9%).
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 31, Farmery Lane, Lincoln is in very good condition we estimate a sale value of £431,504 and rental value of £1,359 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £382,189 and a rental value of £1,204 per month.
If you were able to purchase this property for the estimated value of £410,956, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,020 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, 31, Farmery Lane, Lincoln sits on a plot of 16909m2.
We have plot size data on 18 out of 21 other houses in the postcode and 31, Farmery Lane, Lincoln sits on the largest plot.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 31, Farmery Lane, Lincoln within a radius of 137m over the last 2 years.
The most recent example is 12, Reed Lane, Lincoln, LN2 3DU, a Freehold house which sold for £484,995 in Aug 2022.
Read more about house prices in LN2.
Farmery Lane, Welton, Lincoln, LN2 has a total of 21 addresses. According to our analysis of all the public data, 31, Farmery Lane, Lincoln is the largest and the most expensive property on the street.
When compared to the postcode district it is £166k more expensive than the average property in LN2.
31, Farmery Lane, Lincoln has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Jul 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 31, Farmery Lane, Lincoln is Lincoln station which is 10.1 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 31, Farmery Lane, Lincoln, 52.7% of property is privately owned outright and 35.7% 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 31, Farmery Lane, Lincoln, 18.7% of residents are recorded as possessing school level qualifications and 45.0% 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 31, Farmery Lane, 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 31, Farmery Lane, 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 31, Farmery Lane, 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.