1, Palmer Road
1, Palmer Road
Description & Estimates
The public record lists 1, Palmer Road, Lincoln as a freehold house sitting on a 522 m2 plot.
Comparison with its neighbours suggests a modern house with 1,917 ft2 of internal area and a garden.
In this area, houses of this size normally have 5 bedrooms.
1, Palmer Road, Lincoln has an estimated sale value of £505,352 and an estimated rental value of £1,655 per month, assuming reasonable condition and based on the information available.
Palmer Road, Lincoln, LN2 lies in the borough of Lincoln, within the LN2 postal district.
Our Data Sources
1, Palmer Road, Lincoln has a single entry in the Land Registry from June 2011 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 1, Palmer Road, Lincoln would be worth £530,620, with a potential rental value of £1,737 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £469,978, with a rental value of £1,539 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Palmer Road, Lincoln has dropped by £14,108 (2.8%) over the last year. During the same period, its estimated monthly rental value has risen by £32 (1.9%). The property's estimated gross yield is currently 3.9%.
Plot Size
1, Palmer Road, Lincoln occupies a 522 m2 plot as recorded by HM Land Registry.
All 11 other houses in this postcode have recorded plot sizes, and this one ranks as the largest.
Sold Prices
1, Palmer Road, Lincoln last changed hands on 24th June 2011, selling for £409,995. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 44.9% since June 2011.
- Sold Jun 2011£409,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 630 metres of 1, Palmer Road, Lincoln across the last 2 years.
Most recently, 3, Boole Close, Lincoln, LN2 1AU, a freehold house, sold at £545,000 on the 9th November 2023.
Read more about house prices in LN2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Palmer Road, Lincoln as the 3rd largest and the 3rd most expensive of the 11 addresses on Palmer Road, Lincoln, LN2.
Against the LN2 postcode district average, it is £260k more expensive than the typical property.
More reading links
Schools Nearby
- 400mOur Lady of Lincoln Catholic Primary School A Voluntary Academy
- 600mErmine Primary Academy
- 700mSt Giles Academy
- 700mLincoln Christ's Hospital School
- 800mLincoln Castle Academy
- 1.4kmLincoln UTC
More reading links
Public Transport Nearby
Lincoln station is the nearest stop to 1, Palmer Road, Lincoln at 2.2 kilometres away.
- 2.2kmLincoln
- 7.2kmHykeham
- 9.4kmSaxilby
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
