Farm View, Welton, Lincoln, LN2

Street Guide For Farm View, Welton, Lincoln, LN2

 

Farm View, Welton, Lincoln, LN2 Map

Estimated Price: £213,237
Average Asking Price: £225,222
Price change in last one year: £13,946
Average Price Paid: £200,750
Average Rent Rates: £550

 

Property Prices Breakdown in Farm View, Welton, Lincoln, LN2

Average Price for property in Farm View, Welton, Lincoln, LN2 is around £213,237 which varies based on type of property you are interested in and ranges from £268,753 for detached house to around £164,659 for terraced house. Values have been changing and have risen £2,230 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £7,164 in last 6 months, £13,946 in last 1 year, £28,507 in last 2 years, £24,880 in last 3 years, £19,280 in last 4 years and £22,772 in last 5 years.

Currently average asking price of a property in Farm View, Welton, Lincoln, LN2 is around £225,222 based on approximately 2 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 Farm View, Welton, Lincoln, LN2 is £213,237. Average asking price is £225,222 while average price paid is £264,000 which is up by £13,946 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 Farm View, Welton, Lincoln, LN2 area. In last 1 year alone average price buyer paid is around £264,000 based on approximately 2 sales in Farm View, Welton, Lincoln, LN2 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £217,666. 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 £200,750 for 4 and average amount paid for purchase of approx. 8 properties sold in last 7 years comes to about £179,687 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 £134,000, £134,576 for a 2 bedroom house, £191,747 for a 3 bedroom house, £255,871 for a 4 bedroom house and £379,978 for a 5 bedroom house. For a flat similarly the prices varies from £81,200 for a single bedroom to £108,492 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £220,000. To sum up the asking prices for properties in Farm View, Welton, Lincoln, LN2 it comes to around average £91,760 for 1 bedroom property, £124,142 for 2 bedroom, £192,050 for 3 bedroom, £255,871 for 4 bedroom and £379,978 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 £369 for 1 bedroom to £614 for 2 bedrooms, £592 for 3 bedrooms, £584 for 4 bedrooms and £1,123 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £439. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £556. You should be generally be expecting around average £411 rent per month for single bedroom property, £572 for 2 bedroom, £592 for 3 bedroom, £584 for 4 bedroom and approximately £1,124 for a 5 bedroom property in Farm View, Welton, Lincoln, LN2 area.

Popular Houses in Farm View, Welton, Lincoln, LN2

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 Farm View, Welton, Lincoln, LN2