According to the public record, 8, Palmer Road, Lincoln is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,514 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Palmer Road, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
8, Palmer Road, Lincoln has 2 entries in the Land Registry database, most recently in November 2017 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 8 Palmer Road Lincoln as £435,790 and the rental value as £1,302 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 8 Palmer Road Lincoln has increased by £6,388 (1.5%) and its rental value has increased by £30 per month (2.3%).
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 8, Palmer Road, Lincoln is in very good condition we estimate a sale value of £457,579 and rental value of £1,367 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £405,285 and a rental value of £1,211 per month.
If you were able to purchase this property for the estimated value of £435,790, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,142 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, 8, Palmer Road, Lincoln was last sold on 10 Nov 2017 for £410,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Nov 2017, the market for similar properties has risen 26.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Palmer Road, Lincoln within a radius of 102m over the last 2 years.
The most recent example is 5, Palmer Road, Lincoln, LN2 1BH, a Freehold house which sold for £400,000 in Apr 2023.
Read more about house prices in LN2.
Palmer Road, Lincoln, LN2 has a total of 11 addresses. According to our analysis of all the public data, 8, Palmer Road, Lincoln is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £191k more expensive than the average property in LN2.
The closest station to 8, Palmer Road, Lincoln is Lincoln station which is 2.2 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 8, Palmer Road, Lincoln, 30.6% of property is privately owned outright and 27.5% is socially 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 8, Palmer Road, Lincoln, 16.3% of residents are recorded as possessing school level qualifications and 23.1% 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 8, Palmer Road, 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 8, Palmer Road, Lincoln, 0.6% 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 8, Palmer Road, 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.