According to the public record, 1A, Water Lane, Lincoln is a modern freehold house and with 1,259 ft2 of internal area and sits on a 395 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Water Lane, Bassingham, Lincoln, LN5 is located in the borough of North Kesteven within the LN5 postal district.
1A, Water Lane, Lincoln has 2 entries in the Land Registry database, most recently in April 2022 and 2 entries in the EPC database, most recently in November 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 1A Water Lane Lincoln as £421,980 and the rental value as £1,314 per month giving an expected gross yield of 3.7%.
Over the last 12 months the sale value of 1A Water Lane Lincoln has increased by £10,506 (2.5%) and its rental value has increased by £37 per month (2.8%).
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 1A, Water Lane, Lincoln is in very good condition we estimate a sale value of £443,079 and rental value of £1,379 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £392,442 and a rental value of £1,222 per month.
If you were able to purchase this property for the estimated value of £421,980, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,074 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, 1A, Water Lane, Lincoln sits on a plot of 395m2.
We have plot size data on 22 out of 40 other houses in the postcode and 1A, Water Lane, Lincoln sits on the 14th largest plot.
According to HM Land Registry, 1A, Water Lane, Lincoln was last sold on 29 Apr 2022 for £315,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Apr 2022, the market for similar properties has dropped 0.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1A, Water Lane, Lincoln within a radius of 231m over the last 2 years.
The most recent example is 40, Water Lane, Lincoln, LN5 9LA, a Freehold house which sold for £500,000 in May 2024.
Read more about house prices in LN5.
Water Lane, Bassingham, Lincoln, LN5 has a total of 43 addresses. According to our analysis of all the public data, 1A, Water Lane, Lincoln is the 19th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £209k more expensive than the average property in LN5.
1A, Water Lane, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 16 Nov 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to 1A, Water Lane, Lincoln is Swinderby station which is 6.0 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 1A, Water Lane, Lincoln, 52.9% of property is privately owned outright and 32.3% is privately owned with a mortgage.
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 1A, Water Lane, Lincoln, 14.4% of residents are recorded as possessing school level qualifications and 42.3% 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 1A, Water Lane, Lincoln, the average age was 42.1 and the most common age was 52.
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 1A, Water Lane, Lincoln, 2.3% 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 1A, Water Lane, Lincoln, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.