The Agent says ..
Fantastic opportunity to acquire an established student rental investment property situated within close proximity to the University of Lincoln. This 3 double bedroom flat is situated on the first floor and benefits from a large open plan kitchen living space with the three double bedrooms and sh...
Property Oracle says ..
This three-bedroom property located on Spencer Street in Lincoln presents a mixed bag. The property’s strong points are its convenient location near several schools and Lincoln train station, suggesting easy access to education and transport links. The internal photographs reveal a reasonably well-maintained interior with a modern kitchen and bathroom. However, the apparent lack of a garden is a significant drawback for many potential buyers. The bedrooms show some signs of wear consistent with a rental property and more detailed photographic evidence would be useful to provide a complete assessment. The price of £150,000 needs more contextual information regarding square footage and local property prices to provide a conclusive opinion but appears broadly in line with comparable properties given its location and three bedrooms. Overall, the property may be more attractive to investors looking for a rental property, particularly for students due to the proximity to schools, than owner-occupiers looking for a family home.
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
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 3
- Bathrooms
- 1
- Sqft (est)
- 773.93
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
- 281,710.52 £Increased by 25.52 %
- Average area rental value
- 1,364.00 £/moIncreased by 34.92 %
- Est letting value
- 773.93 £/mo
- Est rental Yield
- 4.82 %Increased by 33.15 %
- Crime Rate
- 40.00 %Unchanged by 0.00 %
Agent Activity
The Agent created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Springwell Lincoln City Academy | Academy Alternative Provision Sponsor Led | 0.45 KM | |
| The Lincoln St Peter At Gowts Church Of England Primary School | Voluntary Controlled School | Good | 0.56 KM |
| Athena School | Community Special School | Good | 0.83 KM |
| The Priory Academy Lsst | Academy Sponsor Led | Outstanding | 0.87 KM |
| Lincoln Central And Bracebridge Children'S Centre | Children's Centre | 0.99 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Craven Court | £ 0 | 0 | 0.00 KM |
| Dixon Street | £ 0 | 0 | 0.00 KM |
| Bell Street | £ 0 | 0 | 0.00 KM |
| Craven Terrace | £ 130,000 | 0 | 0.00 KM |
| Thyme Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Lincoln | 6340 | LCN | 1.28 KM |
| Hykeham | 6310 | HKM | 6.48 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| High Street, Lincoln | £ 50,000 | BUY | 5 / 10 | 0.08 KM |
| High Street, Lincoln | £ 45,000 | BUY | Unknown | 0.08 KM |
| High Street, Lincoln | £ 50,000 | BUY | Unknown | 0.08 KM |
| High Street, LINCOLN | £ 33,000 | BUY | Unknown | 0.08 KM |
| High Street, LINCOLN | £ 50,000 | BUY | 5 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 26 Spencer Street | £ 82,000 | 0.10 KM |
| 35 Spencer Street | £ 67,000 | 0.10 KM |
| 8 Spencer Street | £ 143,000 | 0.10 KM |
| 38 Spencer Street | £ 93,500 | 0.10 KM |
| 6 Spencer Street | £ 118,000 | 0.10 KM |