According to the public record, 6, Albert House 62-66, Lincoln is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 522 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Albert House, The Park, Lincoln, LN1.
The Park, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
6, Albert House 62-66, Lincoln has 41 entries in the Land Registry database, most recently in July 2016 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 6 Albert House 62-66 Lincoln as £71,776 and the rental value as £455 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 6 Albert House 62-66 Lincoln has increased by £3,346 (4.7%) and its rental value has increased by £25 per month (5.4%).
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 6, Albert House 62-66, Lincoln is in very good condition we estimate a sale value of £75,365 and rental value of £477 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £66,752 and a rental value of £423 per month.
If you were able to purchase this property for the estimated value of £71,776, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £353 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, 6, Albert House 62-66, Lincoln was last sold on 01 Jul 2016 for £67,000 and was recorded as a leasehold flat.
The property has had 4 sales since 1995.
Since Jul 2016, the market for similar properties has risen 27.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 6, Albert House 62-66, Lincoln within a radius of 410 metres over the last 2 years.
The most recent example is 1, Albert House 62-66, The Park, Lincoln, LN1 1XS, a Leasehold flat which sold for £69,200 in Nov 2021.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Park, Lincoln, LN1 has a total of 13 addresses. According to our analysis of all the public data, 6, Albert House 62-66, Lincoln is the 7th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £172k less expensive than the average property in LN1.
The closest station to 6, Albert House 62-66, 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 6, Albert House 62-66, Lincoln, 66.9% of property is privately rented and 13.7% 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 6, Albert House 62-66, Lincoln, 67.8% of residents are recorded as possessing school level qualifications and 29.3% 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 6, Albert House 62-66, 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 6, Albert House 62-66, Lincoln, 0.3% 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 6, Albert House 62-66, Lincoln, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.