Properties to rent in LN3

Frequently asked questions about renting in LN3

What is the average rent in LN3?

There are only 6 homes to rent in LN3 itself, so these figures cover the 408 homes to rent within 3 km. The average rent for a home within 3 km of LN3 is £1,110 a month. A few very expensive homes pull that average up, so a more typical rent is £950 a month.

How much is a 2 or 3 bedroom home to rent in LN3?

A typical 2-bedroom home within 3 km of LN3 rents for £895 a month and a 3-bedroom home £1,050 a month. So the extra bedroom adds about £155 a month. 1-bedroom homes rent for around £785 a month, and 4-bedroom homes rent for about £1,950 a month.

What is the price range of rental homes in LN3?

Most rents within 3 km of LN3 are between £550 and £3,000 a month, leaving out the very cheapest and most expensive. One in five rents for less than £700 a month, and one in five £1,400 a month or more.

How many homes are available to rent in LN3?

There are 6 homes to rent in LN3 on Houses right now, plus 3 already let agreed. Within 3 km there are 408, and the listings on this page include the nearest of them. 342 new listings came onto the market within 3 km in the last 30 days.

Are rents going up in LN3?

Yes. Homes put up to rent within 3 km of LN3 over the last 12 months were advertised at a typical £950 a month, 4.4% higher than the year before (£910 a month). By size, 1-bedroom homes are down 3%, 2-bedroom homes are up 6% and 3-bedroom homes are up 10%.

How quickly do rental homes let in LN3?

Within 3 km of LN3, most rental homes are let or taken off the market within about 4 weeks. About 52% go within the first month.

What rental yield can I get in LN3?

About 9.2% gross for flats and 5.4% for houses. That compares typical rents with what flats and houses actually sold for within 3 km of LN3 over the last year. Running costs, voids and mortgage interest are not taken off.

What type of homes can I rent in LN3?

Terraced houses are the most common, about 4 in 10 homes to rent within 3 km of LN3. Flats and apartments come next, followed by semi-detached houses. Flats and apartments are the cheapest, at about £900 a month, and detached houses the most expensive, at about £1,850 a month.

Where is it cheaper to rent near LN3?

Of the areas around LN3, LN9 is the cheapest, with a typical rent of £820 a month, followed by LN8 (£850 a month) and LN5 (£950 a month). LN3 itself is £1,300 a month.

Are rental homes in LN3 furnished?

About 8 in 10 rental homes within 3 km of LN3 that say so are furnished, and the rest come unfurnished.

What are the schools like in LN3?

There are 3 primary and 0 secondary schools in LN3. 100% of those inspected by Ofsted were rated good or outstanding.

Which train stations are in or near LN3?

Stations in LN3 include Lincoln Central.