According to the public record, 26A, Bailgate, Lincoln is a period leasehold apartment with 839 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 26, Bailgate, Lincoln, LN1.
Bailgate, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
26A, Bailgate, Lincoln has 3 entries in the Land Registry database, most recently in June 2016 and a single entry in the EPC database dated August 2019.
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 26A Bailgate Lincoln as £251,131 and the rental value as £953 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 26A Bailgate Lincoln has increased by £11,667 (4.6%) and its rental value has increased by £52 per month (5.4%).
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 26A, Bailgate, Lincoln is in very good condition we estimate a sale value of £263,687 and rental value of £1,000 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £233,552 and a rental value of £886 per month.
If you were able to purchase this property for the estimated value of £251,131, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,234 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, 26A, Bailgate, Lincoln was last sold on 30 Jun 2016 for £180,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jun 2016, the market for similar properties has risen 27.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26A, Bailgate, Lincoln within a radius of 500 metres over the last 2 years.
The most recent example is 5, Greestone Mount, Lincoln, LN2 1PS, a Leasehold flat which sold for £245,000 in Mar 2024.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Bailgate, Lincoln, LN1 has a total of 58 addresses. According to our analysis of all the public data, 26A, Bailgate, Lincoln is the 31st largest and the 36th most expensive property on the street.
When compared to the postcode district it is £8k more expensive than the average property in LN1.
26A, Bailgate, Lincoln has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Aug 2019.
The property is connected to mains gas and has single glazed windows. It is heated using a boiler and radiators.
The closest station to 26A, Bailgate, 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 26A, Bailgate, Lincoln, 47.1% of property is privately rented and 30.4% 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 26A, Bailgate, Lincoln, 27.9% of residents are recorded as possessing school level qualifications and 45.0% 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 26A, 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 26A, Bailgate, Lincoln, 0.0% 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 26A, Bailgate, 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.