According to the public record, Apartment 113, Palatine House, Lincoln is a modern leasehold apartment and with 635 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Palatine House, Olsen Rise, Lincoln, LN2.
Olsen Rise, Lincoln, LN2 is located in the borough of Lincoln within the LN2 postal district.
Apartment 113, Palatine House, Lincoln has 2 entries in the Land Registry database, most recently in February 2024 and 2 entries in the EPC database, most recently in November 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 Apartment 113 Palatine House Lincoln as £129,584 and the rental value as £712 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of Apartment 113 Palatine House Lincoln has increased by £6,342 (4.9%) and its rental value has increased by £41 per month (5.8%).
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 Apartment 113, Palatine House, Lincoln is in very good condition we estimate a sale value of £136,063 and rental value of £747 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £120,513 and a rental value of £662 per month.
If you were able to purchase this property for the estimated value of £129,584, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £637 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, Apartment 113, Palatine House, Lincoln was last sold on 16 Feb 2024 for £110,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Feb 2024, the market for similar properties has risen 5.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 113, Palatine House, Lincoln within a radius of 67m over the last 2 years.
The most recent example is Apartment 15, Navona House, Olsen Rise, Lincoln, LN2 4UT, a Leasehold flat which sold for £120,000 in May 2024.
Read more about house prices in LN2.
Olsen Rise, Lincoln, LN2 has a total of 166 addresses. According to our analysis of all the public data, Apartment 113, Palatine House, Lincoln is the 97th largest and the 115th most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in LN2.
Apartment 113, Palatine House, Lincoln has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Nov 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
The closest station to Apartment 113, Palatine House, Lincoln is Lincoln station which is 2.8 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 Apartment 113, Palatine House, Lincoln, 50.0% of property is privately rented and 29.4% 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 Apartment 113, Palatine House, Lincoln, 6.8% of residents are recorded as possessing school level qualifications and 41.3% 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 Apartment 113, Palatine House, Lincoln, the average age was 40.7 and the most common age was 32.
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 Apartment 113, Palatine House, 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 Apartment 113, Palatine House, Lincoln, there are an average of 0.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.