Richmond Road, Lincoln
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Richmond Road, Lincoln

By Mundys

£ 350,000

Reviews

3 out of 5 stars

Mundys says ..

An excellent opportunity to acquire a fully let student property in Lincoln´s ever-popular West End, just a short walk from the University of Lincoln and the historic city centre. Generating £37,485 per annum for the 2024/25 academic year, the property delivers a strong gross yield of a...

Property Oracle says ..

The property is a 6 bedroom, 2 bathroom terraced house located on Richmond Road, Lincoln, with a list price of £350,000. The property has a plot size of 1,550.70 sqft and is 1,114.88 sqft in size. The property appears to be in good condition, having undergone some modernisation while retaining traditional character. The kitchen and bathrooms appear recently updated. The property benefits from a rear garden, which although relatively small, provides some outdoor space. The location is good, with nearby schools such as The St Faith And St Martin Church Of England Junior School (rated ‘Good’ by Ofsted) within a short distance. Lincoln railway station is also within reasonable proximity, providing access to public transportation. Considering the average house price in the area is £259,654 and the average price per sqft is £241, the list price of £350,000 for this property seems slightly high, especially given comparable properties in the area are listed at significantly lower prices. However, the property’s larger size (1,114.88 sqft compared to the average of 1,073 sqft) and the number of bedrooms (6) could justify a higher price. The lack of sqft data for nearby properties makes a precise comparison difficult.

Therefore, we give this property 7 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
8
Land
6
Bedrooms
6
Bathrooms
2
Sqft (est)
1,114.88
Lot (est)
1,550.70

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
309,000.00 £
Increased by 24.83 %
from 247,532.00 £
Est sale value
444,837.12 £
Increased by 112.23 %
from 209,597.44 £
Average area rental value
761.00 £/mo
Increased by 25.79 %
from 605.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.96 %
Increased by 1.02 %
from 2.93 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Mundys created the listing.

Nearby Schools

NameTypeOfstedDistance
The St Faith And St Martin Church Of England Junior School, LincolnVoluntary Controlled SchoolGood0.17 KM
Carholme Children'S CentreChildren's Centre Linked Site0.35 KM
The St Faith'S Church Of England Infant And Nursery School, LincolnVoluntary Controlled SchoolGood0.49 KM
Lincolnshire Secure UnitSecure Units0.72 KM
University Of LincolnHigher Education InstitutionsGood0.81 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Hampton Court £ 000.00 KM
Belle Vue Terrace £ 181,86300.00 KM
Poplar Avenue £ 000.00 KM
Saltergate £ 000.00 KM
Saltergate £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lincoln6340LCN1.58 KM
Hykeham6310HKM7.03 KM

Nearby Listings

AddressPriceTypeScoreDistance
Richmond Road, Lincoln £ 350,000BUY7 / 100.00 KM
Richmond Road, Lincoln £ 279,950BUYUnknown0.00 KM
Richmond Road, Lincoln, LN1 £ 170,000BUYUnknown0.00 KM
Richmond Road, Lincoln, LN1 £ 325,000BUY6 / 100.00 KM
Richmond Road, Lincoln £ 280,000BUY6 / 100.07 KM

Nearby Properties

AddressPriceDistance
58 Richmond Road £ 162,0000.00 KM
75 Richmond Road £ 65,0000.00 KM
64 Richmond Road £ 42,0000.00 KM
83 Richmond Road £ 215,0000.00 KM
69 Richmond Road £ 260,0000.00 KM