Burton Road, Lincoln, LN1

Street Guide For Burton Road, Lincoln, LN1

 

Burton Road, Lincoln, LN1 Map

Estimated Price: £175,275
Average Asking Price: £224,246
Price change in last one year: £9,159
Average Price Paid: £164,711
Average Rent Rates: £564

 

Property Prices Breakdown in Burton Road, Lincoln, LN1

Average Price for property in Burton Road, Lincoln, LN1 is around £175,275 which varies based on type of property you are interested in and ranges from £277,876 for detached house to around £183,171 for semi-detached. Similarly terraced house is around £138,030 and a flat is worth £110,950. Values have been changing and have risen £935 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,084 in last 6 months, £9,159 in last 1 year, £20,707 in last 2 years, £19,200 in last 3 years, £17,269 in last 4 years and £18,130 in last 5 years.

Currently average asking price of a property in Burton Road, Lincoln, LN1 is around £224,246 based on approximately 13 properties for sale. Same is the case with rental options based on 98 properties up for rent, average asking rent is around £564 per month.

Estimated property value in Burton Road, Lincoln, LN1 is £175,275. Average asking price is £224,246 while average price paid is £173,653 which is up by £9,159 and Avg. asking rent £564.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 Burton Road, Lincoln, LN1 area. In last 1 year alone average price buyer paid is around £173,653 based on approximately 13 sales in Burton Road, Lincoln, LN1 area alone. If you compare it to last 3 years sales of 39 properties where buyers paid around £160,421. 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 £164,711 for 55 and average amount paid for purchase of approx. 78 properties sold in last 7 years comes to about £176,196 per sale.

 
 

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 £69,950, £123,335 for a 2 bedroom house, £207,967 for a 3 bedroom house, £301,384 for a 4 bedroom house and £362,965 for a 5 bedroom house. For a flat similarly the prices varies from £99,257 for a single bedroom to £133,946 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £256,317. To sum up the asking prices for properties in Burton Road, Lincoln, LN1 it comes to around average £95,594 for 1 bedroom property, £127,193 for 2 bedroom, £209,526 for 3 bedroom, £301,384 for 4 bedroom and £362,965 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 £438 for 1 bedroom to £574 for 2 bedrooms, £708 for 3 bedrooms, £670 for 4 bedrooms and £399 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £493. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £652 and £550 for 3 bedroom. You should be generally be expecting around average £465 rent per month for single bedroom property, £602 for 2 bedroom, £697 for 3 bedroom, £670 for 4 bedroom and approximately £399 for a 5 bedroom property in Burton Road, Lincoln, LN1 area.

Popular Houses in Burton Road, Lincoln, LN1

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.

Areas in and around Burton Road, Lincoln, LN1