Starkey & Brown says ..
RETAIL PREMISES AND 3 BEDROOM LIVING ACCOMMODATION! Standing in a prominent location on Newark Road is this substantial retail premises with spacious three bedroom living accommodation. The property has been home to a successful florists for many years and offers a wide range of potential uses su...
Property Oracle says ..
This property is a 3-bedroom semi-detached house located on Newark Road in Lincoln, Lincolnshire. The property benefits from being close to local schools such as Bracebridge Infant And Nursery School (0.21 KM) and The Priory Academy Lsst (0.47 KM), both with good Ofsted ratings. Lincoln railway station is also within a reasonable distance (2.41 KM). The property itself is in need of significant modernisation and updating. The kitchen and bathroom are particularly dated, and the overall condition of the house suggests it requires substantial renovation. The small garden is overgrown and requires attention. While the property is in a convenient location and has a relatively large plot size (1,825 sqft) compared to the average for the area, the condition and necessary renovations significantly impact its value. Compared to other properties in the area, the asking price of £220,000 appears slightly high considering the required work. The average price per sqft in the area is £312, but this property needs substantial investment to reach a comparable standard.
Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 4
- Condition
- 3
- Location
- 7
- Land
- 4
- Bedrooms
- 3
- Bathrooms
- 1
- Sqft (est)
- 1,712.00
- Lot (est)
- 1,825.00
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
- 339,299.00 £Increased by 1.34 %
- Est sale value
- 623,168.00 £Increased by 25.52 %
- Average area rental value
- 1,364.00 £/moIncreased by 34.92 %
- Est letting value
- 1,712.00 £/mo
- Est rental Yield
- 4.82 %Increased by 33.15 %
- Crime Rate
- 13.00 %Unchanged by 0.00 %
Agent Activity
Starkey & Brown created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Bracebridge Infant And Nursery School | Academy Converter | Good | 0.21 KM |
| The Priory Academy Lsst | Academy Sponsor Led | Outstanding | 0.47 KM |
| Lincoln Bracebridge | Children's Centre Linked Site | 0.47 KM | |
| Sir Francis Hill Community Primary School | Community School | Good | 1.46 KM |
| St Peter And St Paul, Catholic Voluntary Academy | Academy Converter | Good | 1.53 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Clayton Road | £ 138,000 | 0 | 0.00 KM |
| Francis Street | £ 110,000 | 0 | 0.00 KM |
| Witham Close | £ 180,000 | 0 | 0.00 KM |
| Holly Close | £ 0 | 0 | 0.00 KM |
| Craven Terrace | £ 130,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lincoln | 6340 | LCN | 2.41 KM |
| Hykeham | 6310 | HKM | 5.66 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Newark Road, Lincoln | £ 220,000 | BUY | 4 / 10 | 0.00 KM |
| 227 Newark Road, Lincoln | £ 325,000 | BUY | 7 / 10 | 0.07 KM |
| Newark Road, Lincoln, Lincolnshire, LN5 | £ 300,000 | BUY | 6 / 10 | 0.08 KM |
| Manby Street, Lincoln | £ 150,000 | BUY | 7 / 10 | 0.09 KM |
| Newark Road, Lincoln | £ 138,000 | BUY | 6 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 217 Newark Road | £ 194,999 | 0.01 KM |
| 195 Newark Road | £ 90,000 | 0.01 KM |
| 215 Newark Road | £ 117,000 | 0.01 KM |
| 227 Newark Road | £ 247,500 | 0.07 KM |
| 1 Manby Street | £ 85,000 | 0.08 KM |