2, Falklands Close
2, Falklands Close
Description & Estimates
Public records show 2, Falklands Close, Lincoln to be a modern freehold house with 1,140 ft2 of internal area, sitting on a 388 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
2, Falklands Close, Lincoln has an estimated sale value of £250,263 and an estimated rental value of £1,097 per month, assuming reasonable condition and based on the information available.
Falklands Close, Lincoln, LN1 lies in the borough of Lincoln, within the LN1 postal district.
Our Data Sources
2, Falklands Close, Lincoln has 2 entries in the Land Registry , most recently in May 2020 and a single entry in the EPC database dated October 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 2, Falklands Close, Lincoln would be worth £262,776, with a potential rental value of £1,152 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £232,745, with a rental value of £1,020 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 2, Falklands Close, Lincoln has declined by £4,645 (1.9%) over the last year. During the same period, its estimated monthly rental value has climbed by £36 (3.3%). The property's estimated gross yield is currently 5.3%.
Plot Size
2, Falklands Close, Lincoln occupies a 388 m2 plot as recorded by HM Land Registry.
Of the 37 other houses in this postcode, 29 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
2, Falklands Close, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Oct 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, Falklands Close, Lincoln last changed hands on 1st May 2020, selling for £240,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has risen by 58.3% since May 2020.
- Sold May 2020£240,000
- Sold Jan 2014£151,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 520 metres of 2, Falklands Close, Lincoln across the last 2 years.
Most recently, 1, Arnhem Close, Lincoln, LN1 3WB, a freehold house, sold at £281,000 on the 20th September 2024.
Read more about house prices in LN1.
- Sold Sep 2024£281,000 | 3 Bed House1, Arnhem Close, Lincoln, LN1 3WB1, Arnhem Close, Lincoln, LN1 3WB
- Sold Aug 2023£271,000 | 3 Bed House16, Somme Close, Lincoln, LN1 3WA16, Somme Close, Lincoln, LN1 3WA
- Sold Aug 2023£225,000 | 3 Bed House20, Deansleigh, Lincoln, LN1 3QB20, Deansleigh, Lincoln, LN1 3QB
•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 2, Falklands Close, Lincoln as the 3rd largest and the 3rd most expensive of the 37 addresses on Falklands Close, Lincoln, LN1.
Against the LN1 postcode district average, it is £8k more expensive than the typical property.
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Schools Nearby
- 1.0kmMount Street Academy
- 1.3kmErmine Primary Academy
- 1.4kmOur Lady of Lincoln Catholic Primary School A Voluntary Academy
- 600mLincoln Castle Academy
- 2.0kmLincoln Christ's Hospital School
- 2.1kmLincoln UTC
More reading links
Public Transport Nearby
Lincoln station is the nearest stop to 2, Falklands Close, Lincoln at 2.7 kilometres away.
- 2.7kmLincoln
- 7.0kmHykeham
- 8.0kmSaxilby
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
