40 Drake Street

    40, DRAKE STREET, LINCOLN, LINCOLN, LN1 1PP

    This semi-detached freehold property on Drake Street last sold in December 1997 for £45,000. Based on price growth in the LN1 district since then, its estimated current value is £196,831 — placing it in the 24th percentile nationally and the 39th percentile within LN1. The property covers 120 m² (1,292 sq ft), giving an estimated value of £1,640 per m². The EPC rating is E, with a potential rating of D.

    Type

    Semi-Detached

    Tenure

    Freehold

    Floor Area

    1,292 sq ft

    120 m²

    Last Sale Price

    £45,000

    Dec 1997

    Estimated Valuation

    £196,831

    Est. £/sq ft

    £152/sq ft

    £1,640/m²

    Property Details

    TypeSemi-Detached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms7
    Main fuelmains gas (not community)
    EPC currentE
    EPC potentialD
    Floor area1,292 sq ft (120 m²)
    EPC dateAug 2022
    WallsCavity wall, as built, no insulation (assumed)
    HeatingBoiler and radiators, mains gas

    Transaction History

    12 Dec 1997

    New build

    £45,000

    Key Metrics

    Estimated valuation£196,831
    Value per sq ft / m²£152/sq ft (£1,640/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN1 district percentile39th percentile
    National percentile24th percentile

    District Context — LN1

    LN1 covers Lincoln city centre and its immediate surroundings in the East Midlands. It is a historic cathedral city with a mixed residential and commercial character, offering heritage appeal alongside student accommodation and urban living.

    Average Property Price - LN1

    £252,706

    28

    National percentile

    Average Net Household Income - LN1

    £35,419

    34

    National percentile

    10-Year Annualised Price Growth - LN1

    3.2%

    36

    National percentile

    10-Year Annualised Rent Growth - LN

    4.2%

    64

    National percentile

    View full analysis for LN1

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