According to the public record, 7 The Heights, Lincoln is a modern leasehold apartment with 973 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
The apartment is in The Heights, Carline Road, Lincoln, LN1.
Carline Road, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
7 The Heights, Lincoln has 2 entries in the Land Registry database, most recently in October 2015 and a single entry in the EPC database dated August 2015.
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 7 The Heights Lincoln as £307,734 and the rental value as £1,147 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 7 The Heights Lincoln has increased by £14,593 (4.7%) and its rental value has increased by £63 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 7 The Heights, Lincoln is in very good condition we estimate a sale value of £323,121 and rental value of £1,204 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £286,192 and a rental value of £1,067 per month.
If you were able to purchase this property for the estimated value of £307,734, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,512 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, 7 The Heights, Lincoln was last sold on 05 Oct 2015 for £340,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Oct 2015, the market for similar properties has risen 30.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7 The Heights, Lincoln within a radius of 430 metres over the last 2 years.
The most recent example is 8 The Heights, Carline Road, Lincoln, LN1 1JP, a Leasehold flat which sold for £377,500 in Mar 2021.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Carline Road, Lincoln, LN1 has a total of 52 addresses. According to our analysis of all the public data, 7 The Heights, Lincoln is the 36th largest and the 33rd most expensive property on the street.
When compared to the postcode district it is £64k more expensive than the average property in LN1.
7 The Heights, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 Aug 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler with both radiators and underfloor heating.
The closest station to 7 The Heights, Lincoln is Lincoln station which is 1.0 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 7 The Heights, Lincoln, 52.7% of property is privately rented and 22.3% 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 7 The Heights, Lincoln, 38.4% of residents are recorded as possessing school level qualifications and 37.8% 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 7 The Heights, 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 7 The Heights, Lincoln, 0.9% 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 7 The Heights, Lincoln, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.