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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 1A, Hermit Street, Lincoln is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 1A, Hermit Street, Lincoln is £93,057 and the estimated rental value is £616 per month.
The apartment is within 1, Hermit Street, Lincoln, LN5.
Hermit Street, Lincoln, LN5 is located in the borough of Lincoln within the LN5 postal district.
1A, Hermit Street, Lincoln has 31 entries in the Land Registry , most recently in July 2009 and a single entry in the EPC database dated June 2019.
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.
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 1A, Hermit Street, Lincoln is in very good condition we estimate a sale value of £97,710 and a rental value of £647 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £86,543 and a rental value of £573 per month.
Over the last 12 months the sale value of 1A Hermit Street Lincoln has decreased by an estimated £1,478 (1.6%) and its rental value has increased by an estimated £22 per month (3.5%), giving an expected gross yield of 7.9%.
1A, Hermit Street, Lincoln has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 Jun 2019.
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, 1A, Hermit Street, Lincoln was last sold on 6th July 2009 for £120,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since July 2009, the market for similar properties has risen 74.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 1A, Hermit Street, Lincoln within a radius of 370 metres over the last 2 years.
The most recent example is 8, Tanners Court, Lincoln, LN5 7AG, a leasehold flat which sold for £88,000 on the 24th May 2024.
Read more about house prices in LN5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Hermit Street, Lincoln, LN5 has a total of 130 addresses. According to our analysis of all the public data, 1A, Hermit Street, Lincoln is the 125th largest and the 59th most expensive property on the street.
When compared to the postcode district it is £126k less expensive than the average property in LN5.
The closest station to 1A, Hermit Street, Lincoln is Lincoln station which is 400 metres 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 1A, Hermit Street, Lincoln, 50.0% of property is socially rented and 35.5% 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 1A, Hermit Street, Lincoln, 22.5% of residents are recorded as possessing school level qualifications and 20.8% 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 1A, Hermit Street, Lincoln, the average age was 33.7 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 1A, Hermit Street, Lincoln, 0.0% 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 1A, Hermit Street, Lincoln, there are an average of 0.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
