2, St. Michaels Close
2, St. Michaels Close
Description & Estimates
2, St. Michaels Close, Lincoln is recorded publicly as a mid-century freehold house across 893 ft2 of internal area, sitting on a 567 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, St. Michaels Close, Lincoln is £206,333 and its rental estimate is £966 per month, given the available information and assuming reasonable condition.
St. Michaels Close, Billinghay, Lincoln, LN4 falls within the LN4 postal district, in the borough of North Kesteven.
Our Data Sources
2, St. Michaels Close, Lincoln has 31 entries in the Land Registry , most recently in August 2024 and a single entry in the EPC database dated February 2023.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, St. Michaels Close, Lincoln, we estimate a market value of £216,650 and a rental value of £1,014 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £191,890 and £898 per month respectively.
Recent Market Change
Over the last year, 2, St. Michaels Close, Lincoln has seen its estimated sale value fall by £4,828 (2.3%) and its estimated rental value move up by £32 per month (3.4%). This results in an estimated gross rental yield of 5.6%.
Plot Size
HM Land Registry records the plot of land for 2, St. Michaels Close, Lincoln as measuring 567 m2.
That makes it the 5th largest plot in the postcode, where 40 of the 51 other houses have recorded plot data.
Energy Efficiency
2, St. Michaels Close, Lincoln has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 20 Feb 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 2, St. Michaels Close, Lincoln completed on 5th August 2024 at £225,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 11.4% over the period since August 2024.
- Sold Aug 2024£225,000
- Sold Jun 2013£125,000
- Sold Apr 2000£43,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, St. Michaels Close, Lincoln have sold within a radius of 5.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 5th August 2024, was 24, St. Michaels Close, Lincoln, LN4 4EZ, a freehold house which sold for £220,000.
Read more about house prices in LN4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 51 addresses on St. Michaels Close, Billinghay, Lincoln, LN4, 2, St. Michaels Close, Lincoln comes out as the 36th largest and the 36th most expensive in our analysis of the public data.
It is also £45k less expensive than the average property across the LN4 district.
More reading links
Schools Nearby
- 600mThe Billinghay Church of England Primary School
- 3.0kmWalcott Primary School
- 6.2kmMrs Mary King's CofE (Controlled) Primary School
- 7.3kmThe Barnes Wallis Academy
- 12.1kmCarre's Grammar School
- 12.4kmSt George's Academy
More reading links
Public Transport Nearby
From 2, St. Michaels Close, Lincoln, the nearest station is Ruskington, 7.8 kilometres away.
- 7.8kmRuskington
- 10.1kmMetheringham
- 11.2kmHeckington
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
