According to the public record, 78A, Macaulay Drive, Lincoln is a mid-century leasehold apartment and with 764 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 78, Macaulay Drive, Lincoln, LN2.
Macaulay Drive, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
78A, Macaulay Drive, Lincoln has 31 entries in the Land Registry database, most recently in January 2007 and 2 entries in the EPC database, most recently in August 2023.
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 78A Macaulay Drive Lincoln as £75,576 and the rental value as £441 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of 78A Macaulay Drive Lincoln has increased by £3,619 (4.8%) and its rental value has increased by £25 per month (5.7%).
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 78A, Macaulay Drive, Lincoln is in very good condition we estimate a sale value of £79,355 and rental value of £463 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,286 and a rental value of £410 per month.
If you were able to purchase this property for the estimated value of £75,576, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £371 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, 78A, Macaulay Drive, Lincoln was last sold on 25 Jan 2007 for £55,599 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since Jan 2007, the market for similar properties has risen 36.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 78A, Macaulay Drive, Lincoln within a radius of 206m over the last 2 years.
The most recent example is Flat 2, 71, Swift Gardens, Lincoln, LN2 4ND, a Leasehold flat which sold for £80,000 in Mar 2023.
Read more about house prices in LN2.
Macaulay Drive, Lincoln, LN2 has a total of 133 addresses. According to our analysis of all the public data, 78A, Macaulay Drive, Lincoln is the 104th largest and the 131st most expensive property on the street.
When compared to the postcode district it is £169k less expensive than the average property in LN2.
78A, Macaulay Drive, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Aug 2023.
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 78A, Macaulay Drive, Lincoln is Lincoln station which is 2.5 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 78A, Macaulay Drive, Lincoln, 68.0% of property is socially rented and 14.3% 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 78A, Macaulay Drive, Lincoln, 26.7% of residents are recorded as possessing school level qualifications and 15.4% 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 78A, Macaulay Drive, Lincoln, the average age was 34.1 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 78A, Macaulay Drive, 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 78A, Macaulay Drive, 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.