Mill Lane, Lincoln
KI

Mill Lane, Lincoln

By Kinetic Estate Agents Limited

£ 100,000

Reviews

2 out of 5 stars

Kinetic Estate Agents Limited says ..

*** LAND SITE READY TO BUILD A BLOCK OF 3 APARTMENTS SITUATED IN A CENTRAL LOCATION TO LINCOLN CITY *** OFFERS IN EXCESS OF £100,000 Kinetic Estate Agents are delighted to offer for sale this piece of land with all the foundation works complete, drain connections made, SAP calc (cont.)

Property Oracle says ..

This listing presents a development opportunity in a desirable Lincoln location. The property is actually a building plot with foundation works already completed, making it ready for development. The site is located in Boultham, which is known for its proximity to Lincoln city centre, the university, and several schools. This makes it an attractive location for residential development. However, the lack of specific details concerning plot size, and building plans beyond the provided schematics, creates uncertainty in assessing the full potential and ultimate value. The absence of key property metrics like square footage and number of bedrooms/bathrooms limits a comprehensive evaluation of the asking price. Further investigation into planning permissions and potential build costs is essential before making a fully informed decision. The current price is a starting point, but it needs to be measured against the cost of construction and projected sale or rental income. The images show a cleared, prepared plot, suggesting minimal preparation work is required before construction, although details about ground conditions, services availability, and potential planning restrictions would inform a complete appraisal.

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
6
Condition
3
Location
7
Land
5
Bedrooms
0
Bathrooms
0

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
177,500.00 £
Decreased by 9.70 %
from 196,562.00 £
Average area rental value
1,212.00 £/mo
Increased by 40.12 %
from 865.00 £/mo
Est rental Yield
8.19 %
Increased by 55.11 %
from 5.28 %
Crime Rate
15.00 %
Unchanged by 0.00 %
from 15.00 %

Agent Activity

  • Kinetic Estate Agents Limited marked this listing as sold.

  • Kinetic Estate Agents Limited created the listing.

Nearby Schools

NameTypeOfstedDistance
The Lincoln St Peter At Gowts Church Of England Primary SchoolVoluntary Controlled SchoolGood0.18 KM
Springwell Lincoln City AcademyAcademy Alternative Provision Sponsor Led0.39 KM
Athena SchoolCommunity Special SchoolGood0.88 KM
University Of LincolnHigher Education InstitutionsGood0.89 KM
Lincoln Central And Bracebridge Children'S CentreChildren's Centre0.93 KM

Images

Main Picture

Nearby Streets

NameAverage PriceAverage SqftDistance
Dixon Street £ 000.00 KM
Bell Street £ 000.00 KM
Saint Mark's Square £ 000.00 KM
Ropewalk £ 000.00 KM
St. Mark Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Lincoln6340LCN0.86 KM
Hykeham6310HKM6.69 KM

Nearby Listings

AddressPriceTypeScoreDistance
Vernon Street, Lincoln, LN5 £ 130,000BUY4 / 100.12 KM
High Street, Lincoln £ 115,000BUY6 / 100.13 KM
Alfred Street, Lincoln £ 190,000BUY5 / 100.14 KM
Foster Street, Lincoln, LN5 £ 280,000BUY6 / 100.19 KM
Foster Street, Lincoln, LN5 £ 140,000BUY5 / 100.19 KM

Nearby Properties

AddressPriceDistance
91a High Street £ 125,0000.05 KM
93a High Street £ 120,0000.05 KM
98a High Street £ 79,5500.05 KM
2a Mill Lane £ 105,0000.08 KM
4a Mill Lane £ 105,0000.10 KM