Martin & Co says ..
Converted townhouse investment opportunity comprising of three tenanted flats generating an existing gross yield of 8.8% with the potential to further increase. Offered for sale with tenants in situ and no onward chain.
Property Oracle says ..
This three-bedroom terraced house on Newark Road, Lincoln is listed at £200,000. The property benefits from a convenient location, with nearby schools such as The Priory Academy Llst (Outstanding Ofsted rating) within a short distance. Public transport links are also easily accessible. However, the property appears to be in need of some modernisation and updating, as seen in the provided images. The garden is small and requires attention. Compared to the average price per square foot in the area (£312), the listed price may be slightly lower, considering the condition and size of the property. More information on the property’s condition and any potential structural issues would be needed to make a more informed assessment.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 5
- Location
- 7
- Land
- 4
- Bedrooms
- 3
- Bathrooms
- 3
- Sqft (est)
- 1,270.14
- Lot (est)
- 1,445.59
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
- 462,330.96 £Increased by 25.52 %
- Average area rental value
- 1,364.00 £/moIncreased by 34.92 %
- Est letting value
- 1,270.14 £/mo
- Est rental Yield
- 4.82 %Increased by 33.15 %
- Crime Rate
- 18.00 %Unchanged by 0.00 %
Agent Activity
Martin & Co created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Priory Academy Lsst | Academy Sponsor Led | Outstanding | 0.34 KM |
| Bracebridge Infant And Nursery School | Academy Converter | Good | 0.60 KM |
| Lincoln Bracebridge | Children's Centre Linked Site | 0.86 KM | |
| Springwell Lincoln City Academy | Academy Alternative Provision Sponsor Led | 1.12 KM | |
| The Lincoln St Peter At Gowts Church Of England Primary School | Voluntary Controlled School | Good | 1.24 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Craven Terrace | £ 130,000 | 0 | 0.00 KM |
| Clayton Road | £ 138,000 | 0 | 0.00 KM |
| Craven Court | £ 0 | 0 | 0.00 KM |
| Francis Street | £ 110,000 | 0 | 0.00 KM |
| Bell Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lincoln | 6340 | LCN | 1.97 KM |
| Hykeham | 6310 | HKM | 5.98 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Newark Road, Lincoln | £ 200,000 | BUY | 5 / 10 | 0.00 KM |
| Newark Road, Lincoln | £ 165,000 | BUY | 7 / 10 | 0.04 KM |
| Otters Cottages, Lincoln | £ 115,000 | BUY | 6 / 10 | 0.08 KM |
| St. Catherines Grove, Lincoln | £ 120,000 | BUY | 5 / 10 | 0.08 KM |
| Otters Cottages, Lincoln, Lincolnshire, LN5 | £ 160,000 | BUY | 7 / 10 | 0.10 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 43 Newark Road | £ 250,000 | 0.04 KM |
| 51 Newark Road | £ 45,713 | 0.04 KM |
| 55 Newark Road | £ 115,000 | 0.04 KM |
| 33b Newark Road | £ 40,000 | 0.04 KM |
| 39 Newark Road | £ 40,000 | 0.04 KM |