5, Palmer Road
5, Palmer Road
Description & Estimates
5, Palmer Road, Lincoln is recorded publicly as a modern freehold house across 1,323 ft2 of internal area, sitting on a 256 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 5, Palmer Road, Lincoln is £408,496 and its rental estimate is £1,360 per month, given the available information and assuming reasonable condition.
Palmer Road, Lincoln, LN2 falls within the LN2 postal district, in the borough of Lincoln.
Our Data Sources
5, Palmer Road, Lincoln has 4 entries in the Land Registry , most recently in April 2023 and a single entry in the EPC database dated January 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 5, Palmer Road, Lincoln, we estimate a market value of £428,921 and a rental value of £1,428 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £379,901 and £1,265 per month respectively.
Recent Market Change
Over the last year, 5, Palmer Road, Lincoln has seen its estimated sale value decline by £9,264 (2.3%) and its estimated rental value climb by £32 per month (2.4%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 5, Palmer Road, Lincoln as measuring 256 m2.
That makes it the 11th largest plot in the postcode, where all 11 other houses have recorded plot data.
Energy Efficiency
5, Palmer Road, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 13 Jan 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 5, Palmer Road, Lincoln completed on 21st April 2023 at £400,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 4 times.
Values of comparable properties have dropped by 16.4% over the period since April 2023.
- Sold Apr 2023£400,000
- Sold Aug 2018£327,500
- Sold Jan 2012£247,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Palmer Road, Lincoln have sold within a radius of 630 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd March 2024, was 5, Marriner Court, Lincoln, LN2 1AX, a freehold house which sold for £400,000.
Read more about house prices in LN2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 11 addresses on Palmer Road, Lincoln, LN2, 5, Palmer Road, Lincoln comes out as the 11th largest and the 11th most expensive in our analysis of the public data.
It is also £164k more expensive than the average property across the LN2 district.
More reading links
Schools Nearby
- 400mOur Lady of Lincoln Catholic Primary School A Voluntary Academy
- 600mErmine Primary Academy
- 700mSt Giles Academy
- 700mLincoln Christ's Hospital School
- 800mLincoln Castle Academy
- 1.4kmLincoln UTC
More reading links
Public Transport Nearby
From 5, Palmer Road, Lincoln, the nearest station is Lincoln, 2.2 kilometres away.
- 2.2kmLincoln
- 7.2kmHykeham
- 9.4kmSaxilby
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.
