Woodhall Spa

Area Guide For Woodhall Spa

Woodhall Spa is a common ward and town in the East Lindsey area of Lincolnshire, England inside a lush territory on the Southern edge of the Lincolnshire Wolds, around 6 miles south-west of Horncastle and around 15 miles  east-south-east of Lincoln. It is noted for its mineral springs, silver screen, and its Second World War relationship with the RAF 617 Squadron. The film has the final back screen projector in the nation. Around 1834, the then Lord of the Manor, Thomas Hotchkin, found out by investigation that the water was actually significant, being an iodine and bromine containing mineral spring. He spent about £30,000 sinking the well and raising the Spa Baths and the Victoria Hotel.

 
 

Woodhall Spa Map

Estimated Price: £244,941
Average Asking Price: £236,618
Price change in last one year: £15,946
Average Price Paid: £203,844
Average Rent Rates: £793

 
 

Property Prices Breakdown in Woodhall Spa

Average Price for property in Woodhall Spa is around £244,941 which varies based on type of property you are interested in and ranges from £273,289 for detached house to around £185,873 for semi-detached. Similarly terraced house is around £164,554 and a flat is worth £191,011. Values have been changing and have risen £4,139 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £10,884 in last 6 months, £15,946 in last 1 year, £16,623 in last 2 years, £29,535 in last 3 years, £18,494 in last 4 years and £26,344 in last 5 years.

Currently average asking price of a property in Woodhall Spa is around £236,618 based on approximately 113 properties for sale. Same is the case with rental options based on 1 properties up for rent, average asking rent is around £793 per month.

Estimated property value in Woodhall Spa is £244,941. Average asking price is £236,618 while average price paid is £199,564 which is up by £15,946 and Avg. asking rent £793.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 Woodhall Spa area. In last 1 year alone average price buyer paid is around £199,564 based on approximately 113 sales in Woodhall Spa area alone. If you compare it to last 3 years sales of 343 properties where buyers paid around £208,510. 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 £203,844 for 546 and average amount paid for purchase of approx. 726 properties sold in last 7 years comes to about £202,051 per sale.

 
 

Properties For Sale in Woodhall Spa

 
 

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 2 bedroom is around £132,500, £214,235 for a 3 bedroom house, £278,533 for a 4 bedroom house and £400,000 for a 5 bedroom house. For a flat the prices of 2 bedroom is £169,950. To sum up the asking prices for properties in Woodhall Spa it comes to around average £137,181 for 2 bedroom property, £214,235 for 3 bedroom, £278,533 for 4 bedroom and £400,000 for 5 bedroom.

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 is £793 for 3 bedroom. You should be generally be expecting around average £793 rent per month for 3 bedroom property in Woodhall Spa area.

Popular Houses in Woodhall Spa

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.

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