According to the public record, Flat 1, 31, Burton Road, Lincoln is a period leasehold apartment with 613 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 31, Burton Road, Lincoln, LN1.
Burton Road, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
Flat 1, 31, Burton Road, Lincoln has 2 entries in the Land Registry database, most recently in May 2013 and a single entry in the EPC database dated October 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 Flat 1 31 Burton Road Lincoln as £139,218 and the rental value as £812 per month giving an expected gross yield of 7%.
Over the last 12 months the sale value of Flat 1 31 Burton Road Lincoln has increased by £6,468 (4.6%) and its rental value has increased by £44 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 Flat 1, 31, Burton Road, Lincoln is in very good condition we estimate a sale value of £146,179 and rental value of £852 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £129,473 and a rental value of £755 per month.
If you were able to purchase this property for the estimated value of £139,218, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £684 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, Flat 1, 31, Burton Road, Lincoln was last sold on 17 May 2013 for £74,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since May 2013, the market for similar properties has risen 47.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Flat 1, 31, Burton Road, Lincoln within a radius of 410 metres over the last 2 years.
The most recent example is Bail Mews 3, West Bight, Lincoln, LN1 3BE, a Leasehold flat which sold for £184,000 in Apr 2018.
Read more about house prices in LN1.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Burton Road, Lincoln, LN1 has a total of 345 addresses. According to our analysis of all the public data, Flat 1, 31, Burton Road, Lincoln is the 292nd largest and the 314th most expensive property on the street.
When compared to the postcode district it is £104k less expensive than the average property in LN1.
Flat 1, 31, Burton Road, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Oct 2021.
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 Flat 1, 31, Burton Road, Lincoln is Lincoln station which is 1.2 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 Flat 1, 31, Burton Road, Lincoln, 40.0% of property is privately rented and 24.6% 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 Flat 1, 31, Burton Road, Lincoln, 19.7% of residents are recorded as possessing school level qualifications and 30.5% 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 Flat 1, 31, Burton Road, 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 Flat 1, 31, Burton Road, 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 Flat 1, 31, Burton Road, Lincoln, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.