According to the public record, 85, Iris Crescent, Lincoln is a modern leasehold apartment with 699 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Iris Crescent, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
85, Iris Crescent, Lincoln has a single entry in the Land Registry database from May 2012 and a single entry in the EPC database dated July 2022.
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 85 Iris Crescent Lincoln as £155,721 and the rental value as £848 per month giving an expected gross yield of 6.5%.
Over the last 12 months the sale value of 85 Iris Crescent Lincoln has increased by £7,296 (4.7%) and its rental value has increased by £46 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 85, Iris Crescent, Lincoln is in very good condition we estimate a sale value of £163,507 and rental value of £891 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £144,820 and a rental value of £789 per month.
If you were able to purchase this property for the estimated value of £155,721, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £765 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, 85, Iris Crescent, Lincoln was last sold on 31 May 2012 for £109,250 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since May 2012, the market for similar properties has risen 50.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 85, Iris Crescent, Lincoln within a radius of 560 metres over the last 2 years.
The most recent example is 47, Angelica Road, Lincoln, LN1 1BE, a Leasehold flat which sold for £164,000 in Sep 2022.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Iris Crescent, Lincoln, LN1 has a total of 69 addresses. According to our analysis of all the public data, 85, Iris Crescent, Lincoln is the 67th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £88k less expensive than the average property in LN1.
85, Iris Crescent, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 04 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 85, Iris Crescent, Lincoln is Lincoln station which is 1.4 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 85, Iris Crescent, Lincoln, 58.6% of property is privately rented and 22.1% 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 85, Iris Crescent, Lincoln, 20.0% of residents are recorded as possessing school level qualifications and 40.9% 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 85, Iris Crescent, 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 85, Iris Crescent, Lincoln, 0.7% 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 85, Iris Crescent, 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.