8, Mercer Drive
8, Mercer Drive
Description & Estimates
According to the public record, 8, Mercer Drive, Lincoln is a modern freehold house with 796 ft2 of internal area and sits on a 122 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 8, Mercer Drive, Lincoln is £201,564 and the estimated rental value is £936 per month.
Mercer Drive, Lincoln, LN1 is located in the borough of Lincoln within the LN1 postal district.
Our Data Sources
8, Mercer Drive, Lincoln has 41 entries in the Land Registry , most recently in September 2021 and a single entry in the EPC database dated November 2020.
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
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 8, Mercer Drive, Lincoln is in very good condition we estimate a sale value of £211,643 and a rental value of £983 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £187,455 and a rental value of £871 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 8, Mercer Drive, Lincoln has moved down by £3,741 (1.9%), while its estimated rental value has increased by £31 per month (3.3%). Based on current estimates, the property offers a gross rental yield of 5.6%.
Plot Size
According to data from HM Land Registry, 8, Mercer Drive, Lincoln sits on a plot of 122 m2.
We have plot size data on 55 out of 57 other houses in the postcode and 8, Mercer Drive, Lincoln sits on the 54th largest plot.
Energy Efficiency
8, Mercer Drive, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Nov 2020.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 8, Mercer Drive, Lincoln was last sold on 29th September 2021 for £185,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since September 2021, the market for similar properties has dropped by 6.2%.
- Sold Sep 2021£185,000
- Sold Dec 2007£137,000
- Sold Apr 2004£119,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Mercer Drive, Lincoln within a radius of 840 metres over the last 2 years.
The most recent example is 30, Fulmen Close, Lincoln, LN1 1AW, a freehold house which sold for £216,000 on the 15th March 2023.
Read more about house prices in LN1.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Mercer Drive, Lincoln, LN1 has a total of 57 addresses. According to our analysis of all the public data, 8, Mercer Drive, Lincoln is the 46th largest and the 48th most expensive property on the street.
When compared to the postcode district it is £40k less expensive than the average property in LN1.
More reading links
Schools Nearby
- 800mMount Street Academy
- 1.2kmThe St Faith and St Martin Church of England Junior School, Lincoln
- 1.2kmThe St Faith's Church of England Infant and Nursery School, Lincoln
- 1.1kmLincoln Castle Academy
- 1.9kmLincoln UTC
- 2.3kmLincoln Christ's Hospital School
More reading links
Public Transport Nearby
The closest station to 8, Mercer Drive, Lincoln is Lincoln station, which is 2.3 kilometres away.
- 2.3kmLincoln
- 6.2kmHykeham
- 7.7kmSaxilby
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
