175 Riverside Drive, Lincoln
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175 Riverside Drive, Lincoln

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We have confidence in this estimated current valuation Updated recently
£123,500
Or £803 per month to rent Powered by AVM
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Transaction history

Listing history

For Sale
Apr 29, 2022
£115,000

Property Description

Data accuracy has been checked and verified for this property.

Our analysis

Welcome to 175 Riverside Drive, Lincoln, a cozy and compact flat type home with 1 bed in the LN5 7NZ area. This lovely residence, which comes with a leasehold tenure, and sits comfortably in tax band A.

This modern and well-kept property was built 2007 onwards and has a reported internal area of 52 internal square metres The local area is known for its high value-to-quality ratio - with a market valuation of £123,500 and a rental potential of £803 per month, , it represents not just a residence but a worthwhile investment in a sought-after area.

You can discover more about this property by reading the Mouseprice attributes tables in the next section, or if you are the owner and would like to update this property, for example if you've built an extension, you can do so at the top of this page.

Additional analysis

In addition to our own current description, this property has received a tailor-made description dated to Apr 29, 2022. It's possible the property has changed since then, but we are dedicated to giving you everything you need to make smart property decisions. Here's a snippet, and if you'd like to view the full thing, just click to expand.

"Please quote DB0362 A video tour is available for this property.

Darren Beckett Bespoke Estate Agent brings to the market this fantastic investment property. This modern ground floor apartment currently achieves £515 per calendar month, giving a gross rental yield of 5.37%. The property is superbly presented throughout, and has a great tenant in situ. The property can also be offered with No Onward Chain.

The spacious accommodation comprising Entrance hallway with intercom system, open plan living with fitted kitchen and lounge diner with French doors, good sized double bedroom with fitted wardrobes and a modern bathroom with 3 piece suite. Outside there is a designated parking space located close by. The property benefits from having upvc double glazing throughout and electric heating.

In our opinion the property would make a perfect ongoing investment proposition, first time buy and suit professionals due to its close proximity to Lincoln city centre and Lincoln University.

Location

Situated in the popular Anchor Quay development and within walking distance from the High Street and the University of Lincoln. There is a fantastic range of amenities, bars, restaurants and a river walk into the city centre.

Tenure Leasehold. 125 year lease from 2005. Our client pays a £90 direct debit each month that covers the service charge and ground rent. Please note that Darren Beckett Ltd has not inspected the lease, and you should consult your conveyancer solicitor before proceeding with an offer.

Services Mains water, electricity, and drainage are connected.

Council tax This home is in Council Tax Band A according to the Lincoln Council website.

Agents note Please be advised that their property details may be subject to change and must not be relied upon as an accurate description of this home. Although these details are thought to be materially correct, the accuracy cannot be guaranteed, and they do not form part of any contract. All services and appliances must be considered ‘untested‘ and a buyer should ensure their appointed solicitor collates any relevant information or service warranty documentation. Please note, all dimensions are approximate maximums and should not be relied upon for the purposes of floor coverings. The tenants utility bills are included in the rent. Anti money

laundering regulations All clients offering on a property will be required to produce photograph proof of identification, proof of residence, and proof of the financial ability to proceed with the purchase at the agreed offer level. We understand it is not always easy to obtain the required documents and will assist you in any way we can.

To arrange your viewing please call us quoting DB0362."

Property Data

Data point Compared to road
Tax band A

Estimated running costs

Running cost(monthly) Cost Opportunity
Mortgage £562 Try Mortgage Tracker
Energy £365 Try Energy Switcher
Water £50 Water meter checkup
Broadband £30 Find better offers
Home insurance £13 Explore insurance

Schools and stations

Nearby Schools
Waddington Redwood Primary Academy
0.3mi
Acorn Free School
0.3mi
The Meadows Primary School
0.5mi
Bracebridge Infant and Nursery School
1.3mi
Waddington All Saints Academy
1.5mi
Nearby Stations
Hykeham Station
2.0mi
Lincoln Central Station
2.8mi
Swinderby Station
6.3mi
Saxilby Station
7.2mi
Metheringham Station
7.4mi

Comparable properties

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Photos

Strengths and Opportunities

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Renovation improvements

๐Ÿค”
New Kitchen
This could increase your home value by £15,000
๐Ÿค”
New Bathroom
This could increase your home value by £5,000
๐Ÿค”
Air Conditioning
This could increase your home value by £7,000
๐Ÿค”
New Windows
This could increase your home value by £10,000

Cost improvements

๐Ÿค”
๐Ÿค”
Suggestion: Switch energy provider
Click here to view providers

Strengths

๐Ÿ˜€
Strength: Good price per square metres
The most similar local properties have a comparable price per square metre.

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Frequently asked questions

  1. How much is 175 Riverside Drive, Lincoln worth?

    175 Riverside Drive, Lincoln is now worth £123,500 according to our Mouseprice AVM.

    If you would like to book a free agent valuation for 175 Riverside Drive, Lincoln - click click here to get a valuation with no strings attached.

  2. What is the rental value of 175 Riverside Drive, Lincoln?

    The current rental valuation for this property is £803 per month, within a price range of £722 and £883.

  3. How many bedrooms does 175 Riverside Drive, Lincoln have?

    This property has 1 bedrooms. Search for nearby properties with 1 bedrooms - for sale and to rent.

  4. What are the nearest schools and stations to 175 Riverside Drive, Lincoln?

    Nearby schools in include Waddington Redwood Primary Academy, Acorn Free School, The Meadows Primary School, Bracebridge Infant and Nursery School, Waddington All Saints Academy

    Nearby stations in include Hykeham Station, Lincoln Central Station, Swinderby Station, Saxilby Station, Metheringham Station.

  5. What type of property is 175 Riverside Drive, Lincoln

    This is a Flat property. There are 53 other Flat properties on RIVERSIDE DRIVE, and 54 in total.

  6. When was 175 Riverside Drive, Lincoln built? How old is 175 Riverside Drive, Lincoln?

    175 Riverside Drive, Lincoln was was built between 2007 onwards.

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Disclaimer

Whilst all reasonable effort is made to ensure the information in this publication is current, Mouseprice does not warrant the accuracy or completeness (including reliability, currency or suitability) of the data and information contained on this page, and accepts no liability (including without limitation, liability in negligence) for any loss or damage or costs (including consequential damage) arising in connection with the data and information contained on this page.

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