According to the public record, 42, Michaelgate, Lincoln is a period house with 848 ft2 of internal area and sits on a 489 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Michaelgate, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
42, Michaelgate, Lincoln has no records in the Land Registry database and a single entry in the EPC database dated July 2011.
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 reasonable condition, we estimate the current sale value for 42 Michaelgate Lincoln as £483,669 and the rental value as £1,599 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of 42 Michaelgate Lincoln has increased by £17,900 (3.7%) and its rental value has increased by £71 per month (4.5%).
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 42, Michaelgate, Lincoln is in very good condition we estimate a sale value of £507,853 and rental value of £1,678 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £449,812 and a rental value of £1,487 per month.
If you were able to purchase this property for the estimated value of £483,669, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,377 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, 42, Michaelgate, Lincoln sits on a plot of 489m2.
We have plot size data on 5 out of 11 other houses in the postcode and 42, Michaelgate, 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 42, Michaelgate, Lincoln within a radius of 490 metres over the last 2 years.
The most recent example is 3, Gibraltar Hill, Lincoln, LN1 3BW, a Freehold house which sold for £405,000 in Dec 2019.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Michaelgate, Lincoln, LN1 has a total of 11 addresses. According to our analysis of all the public data, 42, Michaelgate, Lincoln is the 10th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £240k more expensive than the average property in LN1.
42, Michaelgate, Lincoln has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 12 Jul 2011.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 42, Michaelgate, Lincoln is Lincoln station which is 700 metres 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 42, Michaelgate, Lincoln, 58.6% of property is privately rented and 20.1% is privately owned outright.
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 42, Michaelgate, Lincoln, 38.9% of residents are recorded as possessing school level qualifications and 39.0% 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 42, Michaelgate, Lincoln, the average age was 28.8 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 42, Michaelgate, Lincoln, 0.0% 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 42, Michaelgate, 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.