Rasen Lane, Lincoln
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Rasen Lane, Lincoln

By Mundys

£ 375,000

Reviews

3 out of 5 stars

Mundys says ..

A rare opportunity to purchase a substantial and spacious End Terraced House in the ever desirable Uphill area of Lincoln, offering incredibly versatile accommodation. The property is currently converted into a four Bedroom House and a two Bedroom Apartment and benefits from its own block paved d...

Property Oracle says ..

The property is located in Lincoln, Lincolnshire, a historic city with a rich cultural heritage. The area benefits from good transport links via the East Midlands Railway, with Lincoln station being approximately 1.38km away. The property is also within close proximity to several schools, including Mount Street Academy (0.56km), which has an “Outstanding” Ofsted rating, and Westgate Academy (0.27km), rated “Good”. This suggests a desirable location for families. The average house price in the area is £302,231, with an average price per square foot of £288. Nearby properties on Rasen Lane and Hereward Street support this average price, although there is some variation.

Based on the provided images, the property appears to be in good condition. The interior is presented as clean and well-maintained, with modern fixtures and fittings in the kitchen and bathrooms. There is no visible evidence of significant repair or renovation needs. The exterior is also well-presented, showing a clean brick facade. The property benefits from a paved rear yard providing off-street parking.

The property has a plot size of 1,557.70 sqft, which is relatively small compared to many properties in the area, but sufficient for a property of this type.

The list price of £375,000 is higher than the average price for the area (£302,231), but the property is significantly larger than the average (1,613.24 sqft vs. 1,047 sqft). Considering the good condition, desirable location, and proximity to amenities and schools, the price, while on the higher end, could be considered reasonable for a buyer seeking a larger, well-maintained property in this location. 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
9
Land
4
Bedrooms
6
Bathrooms
4
Sqft (est)
1,613.24
Lot (est)
1,557.70

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
273,747.00 £
Decreased by 7.23 %
from 295,097.00 £
Est sale value
590,445.84 £
Increased by 23.65 %
from 477,519.04 £
Average area rental value
1,032.00 £/mo
Decreased by 0.77 %
from 1,040.00 £/mo
Est letting value
1,613.24 £/mo
Unchanged by 0.00 %
from 1,613.24 £/mo
Est rental Yield
4.52 %
Increased by 6.86 %
from 4.23 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Mundys created the listing.

Nearby Schools

NameTypeOfstedDistance
Westgate AcademyAcademy ConverterGood0.27 KM
Mount Street AcademyAcademy ConverterOutstanding0.56 KM
Bishop Grosseteste UniversityHigher Education Institutions0.64 KM
Lincoln UtcUniversity Technical CollegeGood0.89 KM
Lincoln Castle AcademyAcademy ConverterGood0.91 KM

Images

111 IMG_2519 IMG_2515 IMG_2530 IMG_2529 IMG_2514 IMG_2505 IMG_2537 IMG_2521 IMG_2524 IMG_2509 IMG_2508 IMG_2517 IMG_2513 IMG_2525 IMG_2527 2 4 3 IMG_2550 IMG_2534 IMG_2538 IMG_0903 IMG_0904

Nearby Streets

NameAverage PriceAverage SqftDistance
Rasen Lane £ 000.00 KM
Reservoir Street £ 000.00 KM
Castle Hill £ 000.00 KM
Castle Street £ 105,00000.00 KM
Exchequergate £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lincoln6340LCN1.38 KM
Hykeham6310HKM8.23 KM

Nearby Listings

AddressPriceTypeScoreDistance
Rasen Lane, Lincoln £ 375,000BUY7 / 100.00 KM
Rasen Lane, Lincoln £ 225,000BUY6 / 100.00 KM
11 Hereward Street, Lincoln, Lincolnshire, LN1 £ 290,000BUYUnknown0.04 KM
Hereward Street, Lincoln, LN1 £ 220,000BUY6 / 100.04 KM
9 Hereward Street, Lincoln, Lincolnshire, LN1 £ 260,000BUYUnknown0.04 KM

Nearby Properties

AddressPriceDistance
10 Rasen Lane £ 175,0000.00 KM
4 Rasen Lane £ 240,0000.00 KM
8 Rasen Lane £ 131,0000.00 KM
36 Rasen Lane £ 360,0000.00 KM
2 Rasen Lane £ 392,5000.00 KM