According to the public record, 61, Bailgate, Lincoln is a period freehold house and with 1,227 ft2 of internal area and sits on a 69.3 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Bailgate, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
61, Bailgate, Lincoln has 31 entries in the Land Registry database, most recently in March 2016 and 2 entries in the EPC database, most recently in March 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 61 Bailgate Lincoln as £479,853 and the rental value as £1,503 per month giving an expected gross yield of 3.8%.
Over the last 12 months the sale value of 61 Bailgate Lincoln has increased by £9,910 (2.1%) and its rental value has increased by £43 per month (2.9%).
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 61, Bailgate, Lincoln is in very good condition we estimate a sale value of £503,846 and rental value of £1,578 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £446,263 and a rental value of £1,398 per month.
If you were able to purchase this property for the estimated value of £479,853, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,358 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, 61, Bailgate, Lincoln sits on a plot of 69m2.
We have plot size data on 15 out of 18 other houses in the postcode and 61, Bailgate, Lincoln sits on the 14th largest plot.
According to HM Land Registry, 61, Bailgate, Lincoln was last sold on 18 Mar 2016 for £272,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Mar 2016, the market for similar properties has risen 35.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 61, Bailgate, Lincoln within a radius of 262m over the last 2 years.
The most recent example is 26, Church Lane, Lincoln, LN2 1QR, a Freehold house which sold for £530,000 in Sep 2022.
Read more about house prices in LN1.
Bailgate, Lincoln, LN1 has a total of 58 addresses. According to our analysis of all the public data, 61, Bailgate, Lincoln is the 21st largest and the 6th most expensive property on the street.
When compared to the postcode district it is £236k more expensive than the average property in LN1.
61, Bailgate, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Mar 2021.
The property is connected to mains gas and has some double glazing. It is heated using a boiler and radiators.
The closest station to 61, Bailgate, Lincoln is Lincoln station which is 1.1 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 61, Bailgate, Lincoln, 44.1% of property is privately owned outright and 32.2% 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 61, Bailgate, Lincoln, 8.8% of residents are recorded as possessing school level qualifications and 56.3% 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 61, Bailgate, 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 61, Bailgate, Lincoln, 6.4% 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 61, Bailgate, Lincoln, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.