Average Price for property in Reed Drive, Lincoln, LN2 is around £82,806 e.g. average price for a flat is around 82,806. Values have been changing and have risen £876 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,814 in last 6 months, £5,479 in last 1 year, £11,201 in last 2 years, £9,782 in last 3 years, £7,587 in last 4 years and £8,960 in last 5 years.
Currently average asking price of a property in Reed Drive, Lincoln, LN2 is around £225,222 based on approximately 1 properties for sale. Same is the case with rental options based on 128 properties up for rent, average asking rent is around £550 per month.
Estimated property value in Reed Drive, Lincoln, LN2 is £82,806. Average asking price is £225,222 while average price paid is £95,000 which is up by £5,479 and Avg. asking rent £550.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 Reed Drive, Lincoln, LN2 area. In last 1 year alone average price buyer paid is around £95,000 based on approximately 1 sales in Reed Drive, Lincoln, LN2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £66,816. 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 £72,092 for 7 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £72,092 per sale.