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According to the public record, 42, Mill Road, Lincoln is a period freehold house with 1,377 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 42, Mill Road, Lincoln is £272,733 and the estimated rental value is £1,140 per month.
Mill Road, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
42, Mill Road, Lincoln has 31 entries in the Land Registry , most recently in August 2017 and a single entry in the EPC database dated June 2017.
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.
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 42, Mill Road, Lincoln is in very good condition we estimate a sale value of £286,369 and a rental value of £1,197 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £253,641 and a rental value of £1,060 per month.
Over the last 12 months the sale value of 42 Mill Road Lincoln has decreased by an estimated £9,110 (3.3%) and its rental value has increased by an estimated £25 per month (2.2%), giving an expected gross yield of 5%.
42, Mill Road, Lincoln has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 01 Jun 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 42, Mill Road, Lincoln was last sold on 21st August 2017 for £230,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since August 2017, the market for similar properties has risen 48.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 42, Mill Road, Lincoln within a radius of 480 metres over the last 2 years.
The most recent example is 14, Mount Street, Lincoln, LN1 3JG, a freehold house which sold for £295,000 on the 7th November 2024.
Read more about house prices in LN1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Road, Lincoln, LN1 has a total of 86 addresses. According to our analysis of all the public data, 42, Mill Road, Lincoln is the largest and the most expensive property on the street.
When compared to the postcode district it is £31k more expensive than the average property in LN1.
The closest station to 42, Mill Road, Lincoln is Lincoln station which is 1.4 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 42, Mill Road, Lincoln, 34.1% of property is privately owned outright and 31.0% is privately rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 42, Mill Road, Lincoln, 8.4% of residents are recorded as possessing school level qualifications and 39.6% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 42, Mill Road, Lincoln, the average age was 28.8 and the most common age was 22.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 42, Mill Road, Lincoln, 0.9% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 42, Mill Road, Lincoln, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.