According to the public record, 48, Gibson Road, Lincoln is a modern freehold house and with 764 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Gibson Road, Lincoln, LN2 is located in the borough of West Lindsey within the LN2 postal district.
48, Gibson Road, Lincoln has a single entry in the Land Registry database from April 2023 and a single entry in the EPC database dated September 2022.
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 good condition, we estimate the current sale value for 48 Gibson Road Lincoln as £255,009 and the rental value as £950 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 48 Gibson Road Lincoln has increased by £7,176 (2.8%) and its rental value has increased by £34 per month (3.6%).
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 48, Gibson Road, Lincoln is in very good condition we estimate a sale value of £267,760 and rental value of £998 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,158 and a rental value of £884 per month.
If you were able to purchase this property for the estimated value of £255,009, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,253 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, 48, Gibson Road, Lincoln was last sold on 14 Apr 2023 for £249,950 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2023, the market for similar properties has risen 2.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 48, Gibson Road, Lincoln within a radius of 68m over the last 2 years.
The most recent example is 44, Gibson Road, Lincoln, LN2 4NZ, a Freehold house which sold for £249,950 in Feb 2023.
Read more about house prices in LN2.
Gibson Road, Lincoln, LN2 has a total of 49 addresses. According to our analysis of all the public data, 48, Gibson Road, Lincoln is the 48th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £10k more expensive than the average property in LN2.
48, Gibson Road, Lincoln has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 28 Sep 2022.
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 48, Gibson Road, Lincoln is Lincoln station which is 3.5 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 48, Gibson Road, Lincoln, 74.0% of property is privately owned outright and 18.9% 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 48, Gibson Road, Lincoln, 12.0% of residents are recorded as possessing school level qualifications and 49.4% 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 48, Gibson Road, Lincoln, the average age was 46.5 and the most common age was 72.
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 48, Gibson Road, 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 48, Gibson Road, 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.