18, Mercer Drive
18, Mercer Drive
Description & Estimates
According to the public record, 18, Mercer Drive, Lincoln is a freehold house that sits on a 187 m2 plot.
By comparing it to neighbours, we estimate that it is a modern house with 376 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 18, Mercer Drive, Lincoln is £136,841 and the estimated rental value is £642 per month.
Mercer Drive, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
Our Data Sources
18, Mercer Drive, Lincoln has 31 entries in the Land Registry , most recently in April 2007 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 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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 18, Mercer Drive, Lincoln is in very good condition we estimate a sale value of £143,683 and a rental value of £674 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £127,262 and a rental value of £597 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 18, Mercer Drive, Lincoln has decreased by £1,439 (1.1%), while its estimated rental value has grown by £29 per month (4.6%). Based on current estimates, the property offers a gross rental yield of 5.6%.
Plot Size
According to data from HM Land Registry, 18, Mercer Drive, Lincoln sits on a plot of 187 m2.
We have plot size data on 55 out of 57 other houses in the postcode and 18, Mercer Drive, Lincoln sits on the 46th largest plot.
Sold Prices
According to HM Land Registry, 18, Mercer Drive, Lincoln was last sold on 26th April 2007 for £58,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since April 2007, the market for similar properties has risen by 32.1%.
- Sold Apr 2007£58,500
- Sold Jun 2005£53,125
- Sold Jan 2005£66,420
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 18, Mercer Drive, Lincoln within a radius of 840 metres over the last 2 years.
The most recent example is 18, Bishops Gate, Lincoln, LN1 3QD, a leasehold house which sold for £37,487 on the 31st July 2014.
Read more about house prices in LN1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Mercer Drive, Lincoln, LN1 has a total of 57 addresses. According to our analysis of all the public data, 18, Mercer Drive, Lincoln is the 57th largest and the 57th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in LN1.
More reading links
Schools Nearby
- 800mMount Street Academy
- 1.2kmThe St Faith and St Martin Church of England Junior School, Lincoln
- 1.2kmThe St Faith's Church of England Infant and Nursery School, Lincoln
- 1.1kmLincoln Castle Academy
- 1.9kmLincoln UTC
- 2.3kmLincoln Christ's Hospital School
More reading links
Public Transport Nearby
The closest station to 18, Mercer Drive, Lincoln is Lincoln station, which is 2.3 kilometres away.
- 2.3kmLincoln
- 6.2kmHykeham
- 7.7kmSaxilby
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
