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Reed Drive is a residential street with 5 addresses.
It ranks as the 96th largest and 79th most expensive of the 748 streets in the LN2 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 5 properties: 5 flats.
Reed Drive is a residential street with 5 addresses.
It ranks as the 96th largest and 79th most expensive of the 748 streets in the LN2 area. The dominant property type is a modern flat built after 1980.
The street contains a total of 5 properties: 5 flats.
Sale prices range from £86,456 for 1 bedroom leasehold flats (269 ft2) to £129,104 for 2 bedroom leasehold flats (602 ft2) .
Monthly rental prices range from £481 pcm for 1 bed flats to £680 pcm for 2 bed flats.
The gross rental yield is between 6.3% and 6.7%.
The average value per square foot is £230.
The last sale on Reed Drive sold for £107,000 on 11th December 2019. Since then prices are up an average of 13.8%.
The current average value in the street is £109,603.
The Reed Drive Sales Market has increased by 25.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.4% | £109,603 |
| May 2025 | 1.9% | £110,085 |
| May 2024 | 0% | £107,996 |
| May 2023 | -0.1% | £107,955 |
| May 2022 | 5.7% | £108,052 |
| May 2021 | 5.3% | £102,189 |
| May 2020 | 2.7% | £97,010 |
| May 2019 | 4.1% | £94,455 |
| May 2018 | 0.4% | £90,693 |
| May 2017 | 3.8% | £90,376 |
| May 2016 | 1.8% | £87,073 |
| May 2015 | 4.7% | £85,515 |
| May 2014 | 4.2% | £81,681 |
| May 2013 | 1.6% | £78,375 |
| May 2012 | -1.6% | £77,108 |
| May 2011 | 0.4% | £78,375 |
| May 2010 | 0.9% | £78,090 |
| May 2009 | -11.2% | £77,366 |
| May 2008 | -0.4% | £87,082 |
| May 2007 | 0% | £87,402 |
The current average rental value in the street is £595.
The Reed Drive Rental Market has increased by 40.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4% | £595pcm |
| May 2025 | 3.8% | £572pcm |
| May 2024 | 7.3% | £551pcm |
| May 2023 | 6.9% | £513pcm |
| May 2022 | 5% | £480pcm |
| May 2021 | 3.3% | £458pcm |
| May 2020 | 2.7% | £443pcm |
| May 2019 | 0.7% | £431pcm |
| May 2018 | -0.2% | £428pcm |
| May 2017 | 1.4% | £429pcm |
| May 2016 | 1.5% | £423pcm |
| May 2015 | 2.5% | £416pcm |
| May 2014 | 1.9% | £406pcm |
| May 2013 | 0.4% | £399pcm |
| May 2012 | 1.7% | £397pcm |
| May 2011 | 0.9% | £390pcm |
| May 2010 | -3.5% | £387pcm |
| May 2009 | -4.8% | £401pcm |
| May 2008 | 4.3% | £421pcm |
| May 2007 | 0% | £404pcm |
The last sale was on 11th December 2019 for £107,000 and since then the market in the area has increased by 13.8%. The street has had a total of 15 sales since 1995.
Reed Drive, Lincoln, LN2 has seen no sales in the last three years and no sales in the last twelve months.
Reed Drive, Lincoln, LN2 is the 96th largest and the 79th most expensive street in the LN2 area.
There is 1 postcode on Reed Drive, Lincoln, LN2.
The closest station to Reed Drive, Lincoln, LN2 is Lincoln station which is 3.0 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around Reed Drive, Lincoln, LN2, 44.0% of property is privately rented and 36.7% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands 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 Reed Drive, Lincoln, LN2, 5.2% of residents are recorded as possessing school level qualifications and 39.3% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Reed Drive, Lincoln, LN2, 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 Reed Drive, Lincoln, LN2, 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 Reed Drive, Lincoln, LN2, 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.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.