40, Water Lane
40, Water Lane
Description & Estimates
Public records show 40, Water Lane, Lincoln to be a modern freehold house with 1,270 ft2 of internal area, sitting on a 2,153 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
40, Water Lane, Lincoln has an estimated sale value of £499,486 and an estimated rental value of £1,825 per month, assuming reasonable condition and based on the information available.
Water Lane, Bassingham, Lincoln, LN5 lies in the borough of North Kesteven, within the LN5 postal district.
Our Data Sources
40, Water Lane, Lincoln has a single entry in the Land Registry from May 2024 and a single entry in the EPC database dated September 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 40, Water Lane, Lincoln would be worth £524,460, with a potential rental value of £1,916 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £464,522, with a rental value of £1,697 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 40, Water Lane, Lincoln has moved down by £11,592 (2.3%) over the last year. During the same period, its estimated monthly rental value has increased by £37 (2.0%). The property's estimated gross yield is currently 4.4%.
Plot Size
40, Water Lane, Lincoln occupies a 2,153 m2 plot as recorded by HM Land Registry.
Of the 43 other houses in this postcode, 26 have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
40, Water Lane, Lincoln has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 19 Sep 2023.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and underfloor heating, oil.
Sold Prices
40, Water Lane, Lincoln last changed hands on 24th May 2024, selling for £500,000. 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 dropped by 15.3% since May 2024.
- Sold May 2024£500,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.5 kilometres of 40, Water Lane, Lincoln across the last 2 years.
Most recently, April Cottage, Fen Lane, Lincoln, LN5 9LF, a freehold house, sold at £465,000 on the 31st January 2019.
Read more about house prices in LN5.
- Sold Jan 2019£465,000 | 4 Bed HouseApril Cottage, Fen Lane, Lincoln, LN5 9LFApril Cottage, Fen Lane, Lincoln, LN5 9LF
- Sold Nov 2013£175,000 | 4 Bed House19, Thurlby Road, Lincoln, LN5 9LG19, Thurlby Road, Lincoln, LN5 9LG
- Sold Jan 2012£227,500 | 4 Bed House3, Church Street, Lincoln, LN5 9HR3, Church Street, Lincoln, LN5 9HR
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 40, Water Lane, Lincoln as the 21st largest and the 3rd most expensive of the 43 addresses on Water Lane, Bassingham, Lincoln, LN5.
Against the LN5 postcode district average, it is £280k more expensive than the typical property.
More reading links
Schools Nearby
- 400mBassingham Primary School
- 2.9kmWitham St Hughs Academy
- 5.0kmThe South Hykeham Community Primary School
- 6.8kmNorth Kesteven Academy
- 7.0kmSir Robert Pattinson Academy
- 8.6kmSir William Robertson Academy, Welbourn
More reading links
Public Transport Nearby
Swinderby station is the nearest stop to 40, Water Lane, Lincoln at 6.0 kilometres away.
- 6.0kmSwinderby
- 7.5kmCollingham
- 7.7kmHykeham
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.
