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3 bed terraced house for sale

£165,000

Newland Street West, West End, Lincoln LN1

3 1 2
Interested in this property? Call 01522 397804 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Superb investment opportunity
  • Potential gross rental yield of £17,004 per annum
  • 3-4 bedrooms
  • 1-2 reception rooms
  • Breakfast/kitchen room
  • Large bathroom
  • Gas central heating & uPVC double glazing
  • Enclosed rear garden & residents parking scheme
  • No onward chain
  • Close to lincoln university and city centre

Property description

Sale agreed within 48 hours at the full asking price - Situated in the ever popular West End area of the historic Cathedral and University City of Lincoln is this traditional bay fronted Mid-Terraced Home. The spacious, versatile and well presented living accommodation offers a great investment opportunity with a potential gross rental yield of £17,004 per annum and comprises of; Entrance Hall, Living Room/Ground Floor Bedroom, Dining Room and Breakfast/Kitchen Room. To the First Floor there are Three Bedrooms and a good sized Bathroom. Outside there is an Enclosed Rear Garden. The property further benefits from having Gas Central Heating (new combination boiler fitted in September 2016) and uPVC Double Glazing throughout. The property also has the added benefit of having no onward chain and a Resident's Parking Scheme.

Do not miss out, call to arrange your viewing.

Location and Area
The property is conveniently located in the highly sought after West End area of the historic Cathedral and University City of Lincoln close to a great variety of amenities including shops, Post Office, The West End Tap Public House (we hear it is very popular with locals!), doctors surgery and being approximately a 10 minute walk to Lincoln City Centre with easy access to large variety of shops, bars and restaurants including The Brayford Pool.

Accommodation

Entrance Porch:
With an obscured glazed uPVC exterior entrance door to the front aspect, coved ceiling and wooden floor. An obscured glazed door leads into;

Entrance Hall:
With coved ceiling, wall lights, wooden floor and stairs rising to the first floor.

Living Room/Ground Floor Bedroom: - 13' 11'' x 11' 4'' (4.24m x 3.45m) into bay
with bay window to the front aspect, coved ceiling, alcoves with useful shelving, radiator, TV aerial point and wooden floor.

Dining Room: - 12' 0'' x 11' 5'' (3.65m x 3.48m)
with window to the rear aspect, coved ceiling, ornamental fireplace, under-stairs storage cupboard, radiator, TV aerial point and wooden floor.

Kitchen/Breakfast Room: - 16' 6'' x 7' 11'' (5.03m x 2.41m maximum measurement)
with two windows and exterior entrance door to the side aspect, a range of fitted eye level and base storage units with worktops over and drawers under, tiled splash-backs, inset one and a half bowl stainless steel sink with drainer and extended mixer tap, space and connection for oven, extractor hood over, space and plumbing for washing machine and dishwasher, space for fridge freezer, wall mounted Ideal gas combination boiler (installed September 2017), wooden floor to the kitchen area and vinyl flooring to dining area.

First Floor Landing:
With loft access, wall lights, leading to;

Bedroom One: - 11' 10'' x 10' 3'' (3.60m x 3.12m)
with window to the front aspect, fitted wardrobes, wall lights and radiator.

Bedroom Two: - 12' 0'' x 9' 5'' (3.65m x 2.87m)
with window to the rear aspect, airing cupboard and radiator.

Bedroom Three: - 8' 8'' x 6' 9'' (2.64m x 2.06m)
with window to the front aspect, coved ceiling and radiator.

Outside:
To the front of the property there is graveled garden. To the rear of the property the enclosed garden is predominantly laid to lawn with concrete patio area and useful shed.


Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £198,092 Sales 412 Current average value £201,843 (Zoopla Zed-Index) Value change £5,727 ▲ 2.92%

Property value data/graphs for LN1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £276,944 £194 3.7 £257,539
Semi-detached £177,033 £180 3.0 £177,728
Terraced £168,466 £199 2.8 £177,943
Flats £154,407 £222 1.8 £145,913

Current asking prices in LN1

Average: £209,344
Avg. current asking prices in LN1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £135,174
(35)
£200,481
(40)
£334,198
(20)
£392,143
(7)
Flats £130,532
(14)
£185,338
(21)
- - -
All £130,532
(14)
£153,986
(56)
£200,481
(40)
£334,198
(20)
£392,143
(7)

Current asking rents in LN1

Average: £666 pcm
Avg. current asking prices in LN1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £385 pcm
(27)
£642 pcm
(11)
£594 pcm
(14)
£1,018 pcm
(22)
£776 pcm
(4)
Flats £481 pcm
(38)
£588 pcm
(8)
£1,395 pcm
(1)
- -
All £441 pcm
(65)
£619 pcm
(19)
£647 pcm
(15)
£1,018 pcm
(22)
£776 pcm
(4)

Fun facts for LN1

Highest value in LN1
Highest value streets Zed-Index
Burton, Lincoln LN1 £543,859
Grange Close £518,689
The Colosseum £452,538
Brattleby, Lincoln LN1 £447,566
Cammeringham, Lincoln LN1 £409,240
Highest turnover in LN1
Highest turnover streets Turnover
Harricot Close 100.0%
St. Cuthberts Court 55.6%
Home Farm Close 55.6%
May Crescent 50.0%
Carram Close 46.2%

What Zoopla users think of Lincoln

Overall rating:

  • currently 4 stars
Very good - 78% (196 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Lincoln:

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Lincoln (0.6 miles)
  • Hykeham (3.2 miles)
  • Saxilby (5.3 miles)
  • Humberside Airport (25.1 miles)
  • Robin Hood Airport (25.2 miles)
  • East Midlands Airport (42.6 miles)
  • Hull Ferry Terminal (37.2 miles)
  • West Lynn Ferry Landing (51.1 miles)
  • King's Lynn Ferry Landing (51.2 miles)

Nearby schools

View all schools in Lincoln
  • The St Faith and St Martin Church of England Junior School, Lincoln (0.2 miles)
  • The St Faith's Church of England Infant School, Lincoln (0.3 miles)
  • Westgate Academy (0.5 miles)
  • Lincoln UTC (0.6 miles)
  • Lincoln College (0.7 miles)
  • Broughton House College (11.5 miles)
  • Lincoln Minster School (0.8 miles)
  • Lincoln The Sincil School (1.1 miles)
  • Lincoln Castle Academy (1.1 miles)
Note: Distances are straight line measurements

Local info for Lincoln

About the neighbours in LN1

AskMe Q&A for Lincoln

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For more information about this property, please contact
Colonia Estate Agents, LN2 on 01522 397804 * (local rate)

Monthly running costs Beta

£764 Monthly total
Mortgage
Purchase price
Deposit (10%) 16,500
Repayment term 25
Interest rate 0.5
Your payment £526 /mo Find available rates

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £1,000,000 Contents value up to £100,000 Average insurance cost £16/mo (£186/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £34 Electricity £42 Estimated energy cost £76/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 12200 kWh/year
Electricity: 3500 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Lincoln

Estimated tax band A Council tax cost £102 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £19 Sewerage £25 Estimated water cost £44 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Colonia Estate Agents about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Colonia Estate Agents, and do not constitute property particulars. Please contact Colonia Estate Agents for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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