Area Guide For Lincoln

Lincoln is a town with a rich history and a lively community. There is a lot to see here and almost everything a person would need. If you go to the Cathedral Quarter you can check out the Bailgate Shopping centre, Steep Hill & the Strait Shopping, the Lincoln Castle and the Lincoln Cathedral itself. Similarly, families can visit the Lincoln Performing Arts Centre, the Rand Farm Park, the Roman Trail and the Natural World Centre.


Lincoln Map

Estimated Price: £176,601
Average Asking Price: £208,251
Price change in last one year: £11,346
Average Price Paid: £153,885
Average Rent Rates: £607


Property Prices Breakdown in Lincoln

Average Price for property in Lincoln is around £176,601 which varies based on type of property you are interested in and ranges from £225,651 for detached house to around £147,893 for semi-detached. Similarly terraced house is around £125,880 and a flat is worth £125,462. Values have been changing and have risen £1,209 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,814 in last 6 months, £11,346 in last 1 year, £21,679 in last 2 years, £20,385 in last 3 years, £18,394 in last 4 years and £18,201 in last 5 years.

Currently average asking price of a property in Lincoln is around £208,251 based on approximately 3,258 properties for sale. Same is the case with rental options based on 393 properties up for rent, average asking rent is around £607 per month.

Estimated property value in Lincoln is £176,601. Average asking price is £208,251 while average price paid is £160,951 which is up by £11,346 and Avg. asking rent £607.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lincoln area. In last 1 year alone average price buyer paid is around £160,951 based on approximately 3,258 sales in Lincoln area alone. If you compare it to last 3 years sales of 9,493 properties where buyers paid around £155,010. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £153,885 for 15,019 and average amount paid for purchase of approx. 20,425 properties sold in last 7 years comes to about £153,804 per sale.


Properties For Sale in Lincoln


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £122,783, £124,903 for a 2 bedroom house, £179,034 for a 3 bedroom house, £266,358 for a 4 bedroom house and £359,083 for a 5 bedroom house. For a flat similarly the prices varies from £81,744 for a single bedroom to £120,367 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £167,609. To sum up the asking prices for properties in Lincoln it comes to around average £96,518 for 1 bedroom property, £123,775 for 2 bedroom, £178,817 for 3 bedroom, £266,358 for 4 bedroom and £359,083 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £409 for 1 bedroom to £558 for 2 bedrooms, £625 for 3 bedrooms, £609 for 4 bedrooms and £697 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £456. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £563, £550 for 3 bedroom and £1,291 for 4 bedroom. You should be generally be expecting around average £435 rent per month for single bedroom property, £560 for 2 bedroom, £624 for 3 bedroom, £632 for 4 bedroom and approximately £697 for a 5 bedroom property in Lincoln area.

Popular Houses in Lincoln

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Lincoln

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