According to the public record, 59, Addison Drive, Lincoln is a early-century freehold house and with 904 ft2 of internal area and sits on a 357 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Addison Drive, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
59, Addison Drive, Lincoln has 61 entries in the Land Registry database, most recently in June 2023 and a single entry in the EPC database dated August 2018.
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 59 Addison Drive Lincoln as £179,222 and the rental value as £902 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 59 Addison Drive Lincoln has increased by £8,552 (4.8%) and its rental value has increased by £51 per month (5.6%).
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 59, Addison Drive, Lincoln is in very good condition we estimate a sale value of £188,183 and rental value of £947 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £166,676 and a rental value of £839 per month.
If you were able to purchase this property for the estimated value of £179,222, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £881 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, 59, Addison Drive, Lincoln sits on a plot of 357m2.
We have plot size data on 6 out of 15 other houses in the postcode and 59, Addison Drive, Lincoln sits on the 3rd largest plot.
According to HM Land Registry, 59, Addison Drive, Lincoln was last sold on 23 Jun 2023 for £175,000 and was recorded as a freehold house.
The property has had 6 sales since 1995.
Since Jun 2023, the market for similar properties has risen 4.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 59, Addison Drive, Lincoln within a radius of 104m over the last 2 years.
The most recent example is 32, Addison Drive, Lincoln, LN2 4LG, a Freehold house which sold for £195,000 in May 2024.
Read more about house prices in LN2.
Addison Drive, Lincoln, LN2 has a total of 105 addresses. According to our analysis of all the public data, 59, Addison Drive, Lincoln is the 72nd largest and the 35th most expensive property on the street.
When compared to the postcode district it is £66k less expensive than the average property in LN2.
59, Addison Drive, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Aug 2018.
The property is connected to mains gas and has mostly double glazing. It is heated using a boiler and radiators.
The closest station to 59, Addison Drive, Lincoln is Lincoln station which is 2.4 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 59, Addison Drive, Lincoln, 40.6% of property is socially rented and 30.5% 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 59, Addison Drive, Lincoln, 24.7% of residents are recorded as possessing school level qualifications and 20.3% 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 59, Addison Drive, Lincoln, the average age was 34.1 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 59, Addison Drive, Lincoln, 0.5% 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 59, Addison Drive, 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.