Forge Way, Lincoln, LN6
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Forge Way, Lincoln, LN6

By Lovelle Estate Agency

£ 93,750

Reviews

2 out of 5 stars

Lovelle Estate Agency says ..

This charming one-bedroom flat, perfect for first-time buyers, is located in a sought-after area with excellent transport links, nearby amenities, and includes parking, all under the section 106 affordable housing scheme, offering a modern open-plan living space and no onward chain.

Property Oracle says ..

This property is a one-bedroom flat located in North Hykeham, Lincoln. The location benefits from being relatively close to local schools such as North Kesteven Academy and Manor Farm Academy (both rated as “Good” by Ofsted), and transport links including Hykeham train station. However, the surrounding area shows a significant price disparity with the average house price being much higher than the listed price of this property. This suggests that the property may be undervalued or that there are factors affecting its desirability not immediately apparent from the provided data. The property itself appears to be in good condition based on the images; it is modern and well-presented. The lack of plot size is a significant drawback, as is the fact that it is a flat rather than a house. The price per square foot is significantly lower than the area average, which could indicate good value, but requires further investigation into the specific reasons for the lower price. More information on the property’s condition and the reason for the lower price would be needed to give a more complete analysis.

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
7
Condition
8
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
600.00

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
921,429.00 £
Increased by 70.18 %
from 541,443.00 £
Est sale value
675,000.00 £
Increased by 95.99 %
from 344,400.00 £
Average area rental value
1,672.00 £/mo
Decreased by 4.68 %
from 1,754.00 £/mo
Est letting value
1,200.00 £/mo
Increased by 100.00 %
from 600.00 £/mo
Est rental Yield
2.18 %
Decreased by 43.96 %
from 3.89 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Lovelle Estate Agency created the listing.

Nearby Schools

NameTypeOfstedDistance
North Hykeham Joint Sixth FormSixth Form Centres1.02 KM
North Kesteven AcademyAcademy ConverterGood1.02 KM
George Johnson Education CentreOther Independent School1.34 KM
Manor Farm AcademyAcademy Sponsor LedGood1.48 KM
Sir Robert Pattinson AcademyAcademy ConverterGood1.53 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Ley's Close £ 600,00000.00 KM
Whisby Road £ 000.00 KM
Saint Marys Road £ 000.00 KM
Richmond Lakes Path £ 120,00000.00 KM
Sadler Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Hykeham6310HKM0.40 KM
Lincoln6340LCN7.91 KM

Nearby Listings

AddressPriceTypeScoreDistance
Forge Way, Lincoln, LN6 £ 93,750BUY5 / 100.00 KM
Cupola Close, North Hykeham, LN6 £ 170,000BUYUnknown0.01 KM
Ferrous Way, North Hykeham £ 210,000BUY7 / 100.04 KM
Forge Way, North Hykeham, Lincoln, Lincolnshire, LN6 £ 310,000BUY7 / 100.06 KM
Ferrous Way, North Hykeham, Lincoln, LN6 £ 47,500BUY5 / 100.09 KM

Nearby Properties

AddressPriceDistance
21 Ferrous Way £ 209,9990.06 KM
11 Ferrous Way £ 189,9990.06 KM
84 Ferrous Way £ 175,0000.09 KM
12 Ferrous Way £ 123,0000.09 KM
18 Ferrous Way £ 150,0000.09 KM