West Parade, Lincoln, Lincolnshire, LN1
BA

West Parade, Lincoln, Lincolnshire, LN1

By Bairstow Eves

£ 335,000

Reviews

3 out of 5 stars

Bairstow Eves says ..

An exceptional opportunity to acquire a fully licensed six-bedroom HMO, ideally situated on the ever-popular West Parade in Lincoln. Currently let for the upcoming academic year at £630 per room per month, with bills included, this fully furnished property offers a strong and immediate rent...

Property Oracle says ..

The property is located on West Parade in Lincoln, Lincolnshire. It\’s a semi-detached house with six bedrooms and two bathrooms, spanning 1,128.38 square feet on a 1,267.99 square foot plot. The list price is £335,000.

The property appears to be in good condition based on the provided images. The interior is modern, with a recently updated kitchen and bathrooms. While some of the flooring appears dated, the overall condition is well-maintained. The exterior is also in good condition, with no visible signs of significant damage or disrepair. There is a small yard/garden to the rear of the property.

The location is excellent; it is close to several schools, including The St Faith\’s Church of England Infant and Nursery School (0.13 km), Carholme Children\’s Centre (0.22 km), and The St Faith and St Martin Church of England Junior School (0.69 km). The property is also within a reasonable distance of Lincoln railway station (2.03 km).

Considering the property\’s size, condition, location and the average price per square foot in the area (£241.00), the list price of £335,000 appears slightly higher than average, but not unreasonable given its size and location. The average price for properties in the area is £259,654, and the average property size is 1,073 sqft. This property is larger than average and in a desirable location. Nearby comparable properties support this assessment, although a lack of sqft data for these properties limits the direct comparison.

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
2
Sqft (est)
1,128.38
Lot (est)
1,267.99

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
309,000.00 £
Increased by 24.83 %
from 247,532.00 £
Est sale value
450,223.62 £
Increased by 112.23 %
from 212,135.44 £
Average area rental value
761.00 £/mo
Increased by 25.79 %
from 605.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.96 %
Increased by 1.02 %
from 2.93 %
Crime Rate
4.00 %
Unchanged by 0.00 %
from 4.00 %

Agent Activity

  • Bairstow Eves created the listing.

Nearby Schools

NameTypeOfstedDistance
The St Faith'S Church Of England Infant And Nursery School, LincolnVoluntary Controlled SchoolGood0.13 KM
Carholme Children'S CentreChildren's Centre Linked Site0.22 KM
The St Faith And St Martin Church Of England Junior School, LincolnVoluntary Controlled SchoolGood0.69 KM
University Of LincolnHigher Education InstitutionsGood1.17 KM
Lincolnshire Secure UnitSecure Units1.20 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
Meadowsweet Close £ 000.00 KM
Hampton Court £ 000.00 KM
Saltergate £ 000.00 KM
Poplar Avenue £ 000.00 KM
Saltergate £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lincoln6340LCN2.03 KM
Hykeham6310HKM6.68 KM

Nearby Listings

AddressPriceTypeScoreDistance
West Parade, Lincoln, Lincolnshire, LN1 £ 335,000BUY7 / 100.00 KM
7 Norfolk Street, Lincoln, Lincolnshire, LN1 1SA £ 178,000BUYUnknown0.07 KM
Hewson Road, Lincoln £ 230,000BUY5 / 100.10 KM
Hewson Road, Lincoln, LN1 £ 240,000BUY7 / 100.17 KM
Hewson Road, Lincoln £ 199,950BUY5 / 100.18 KM

Nearby Properties

AddressPriceDistance
195 West Parade £ 380,0000.00 KM
189 West Parade £ 167,0000.00 KM
8 Norfolk Street £ 110,0000.07 KM
3 Norfolk Street £ 120,0000.07 KM
5 Norfolk Street £ 129,9500.07 KM