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 %
- Est sale value
- 444,837.12 £Increased by 112.23 %
- Average area rental value
- 761.00 £/moIncreased by 25.79 %
- Est letting value
- 0.00 £/mo
- Est rental Yield
- 2.96 %Increased by 1.02 %
- Crime Rate
- 3.00 %Unchanged by 0.00 %
Agent Activity
Mundys created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The St Faith And St Martin Church Of England Junior School, Lincoln | Voluntary Controlled School | Good | 0.17 KM |
| Carholme Children'S Centre | Children's Centre Linked Site | 0.35 KM | |
| The St Faith'S Church Of England Infant And Nursery School, Lincoln | Voluntary Controlled School | Good | 0.49 KM |
| Lincolnshire Secure Unit | Secure Units | 0.72 KM | |
| University Of Lincoln | Higher Education Institutions | Good | 0.81 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hampton Court | £ 0 | 0 | 0.00 KM |
| Belle Vue Terrace | £ 181,863 | 0 | 0.00 KM |
| Poplar Avenue | £ 0 | 0 | 0.00 KM |
| Saltergate | £ 0 | 0 | 0.00 KM |
| Saltergate | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lincoln | 6340 | LCN | 1.58 KM |
| Hykeham | 6310 | HKM | 7.03 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Richmond Road, Lincoln | £ 350,000 | BUY | 7 / 10 | 0.00 KM |
| Richmond Road, Lincoln | £ 279,950 | BUY | Unknown | 0.00 KM |
| Richmond Road, Lincoln, LN1 | £ 170,000 | BUY | Unknown | 0.00 KM |
| Richmond Road, Lincoln, LN1 | £ 325,000 | BUY | 6 / 10 | 0.00 KM |
| Richmond Road, Lincoln | £ 280,000 | BUY | 6 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 58 Richmond Road | £ 162,000 | 0.00 KM |
| 75 Richmond Road | £ 65,000 | 0.00 KM |
| 64 Richmond Road | £ 42,000 | 0.00 KM |
| 83 Richmond Road | £ 215,000 | 0.00 KM |
| 69 Richmond Road | £ 260,000 | 0.00 KM |