According to the public record, 50, Carram Way, Lincoln is a modern Leasehold apartment with 581 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Carram Way, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
50, Carram Way, Lincoln has 2 entries in the Land Registry database, most recently in February 2022 and a single entry in the EPC database dated May 2021.
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 50 Carram Way Lincoln as £131,453 and the rental value as £792 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 50 Carram Way Lincoln has increased by £6,097 (4.6%) and its rental value has increased by £43 per month (5.5%).
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 50, Carram Way, Lincoln is in very good condition we estimate a sale value of £138,025 and rental value of £831 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £122,251 and a rental value of £736 per month.
If you were able to purchase this property for the estimated value of £131,453, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £646 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, 50, Carram Way, Lincoln was last sold on 28 Feb 2022 for £121,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2022, the market for similar properties has risen 4.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 50, Carram Way, Lincoln within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 18, Fulmen Close, Lincoln, LN1 1AW, a Leasehold flat which sold for £130,000 in Apr 2022.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Carram Way, Lincoln, LN1 has a total of 50 addresses. According to our analysis of all the public data, 50, Carram Way, Lincoln is the 44th largest and the 47th most expensive property on the street.
When compared to the postcode district it is £112k less expensive than the average property in LN1.
50, Carram Way, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 27 May 2021.
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 50, Carram Way, Lincoln is Lincoln station which is 2.5 kilometres 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 50, Carram Way, Lincoln, 47.6% of property is privately owned with a mortgage and 34.1% is privately rented.
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 50, Carram Way, Lincoln, 17.1% of residents are recorded as possessing school level qualifications and 52.9% 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 50, Carram Way, Lincoln, the average age was 39.2 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 50, Carram Way, Lincoln, 1.3% 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 50, Carram Way, Lincoln, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.