Average Price for property in LN7 is around £200,419 which varies based on type of property you are interested in and ranges from £252,637 for detached house to around £133,308 for semi-detached. Similarly terraced house is around £108,429 and a flat is worth £93,894. Values have been changing and have risen £1,493 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,530 in last 6 months, £12,536 in last 1 year, £25,944 in last 2 years, £22,412 in last 3 years, £19,647 in last 4 years and £20,821 in last 5 years.
Currently average asking price of a property in LN7 is around £241,600 based on approximately 90 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £490 per month.
Estimated property value in LN7 is £200,419. Average asking price is £241,600 while average price paid is £168,733 which is up by £12,536 and Avg. asking rent £490.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 LN7 area. In last 1 year alone average price buyer paid is around £168,733 based on approximately 90 sales in LN7 area alone. If you compare it to last 3 years sales of 238 properties where buyers paid around £171,898. 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 £171,790 for 388 and average amount paid for purchase of approx. 491 properties sold in last 7 years comes to about £174,942 per sale.