Falklands Close, Lincoln, LN1

Street Guide For Falklands Close, Lincoln, LN1

 

Falklands Close, Lincoln, LN1 Map

Estimated Price: £141,251
Average Asking Price: £224,246
Price change in last one year: £7,403
Average Price Paid: £124,416
Average Rent Rates: £564

 

Property Prices Breakdown in Falklands Close, Lincoln, LN1

Average Price for property in Falklands Close, Lincoln, LN1 is around £141,251 which varies based on type of property you are interested in and ranges from £186,988 for detached house to around £129,757 for semi-detached. Similarly terraced house is around £142,192. Values have been changing and have risen £756 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,300 in last 6 months, £7,403 in last 1 year, £16,732 in last 2 years, £15,515 in last 3 years, £13,959 in last 4 years and £14,656 in last 5 years.

Currently average asking price of a property in Falklands Close, Lincoln, LN1 is around £224,246 based on approximately 1 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 Falklands Close, Lincoln, LN1 is £141,251. Average asking price is £224,246 while average price paid is £151,000 which is up by £7,403 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 Falklands Close, Lincoln, LN1 area. In last 1 year alone average price buyer paid is around £151,000 based on approximately 1 sales in Falklands Close, Lincoln, LN1 area alone. If you compare it to last 3 years sales of 6 properties where buyers paid around £124,416. 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 £124,416 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £120,642 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 Falklands Close, 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 Falklands Close, Lincoln, LN1 area.

Popular Houses in Falklands Close, 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 Falklands Close, Lincoln, LN1