Meadway, Cherry Willingham, Lincoln, LN3

Street Guide For Meadway, Cherry Willingham, Lincoln, LN3

 

Meadway, Cherry Willingham, Lincoln, LN3 Map

Estimated Price: £187,603
Average Asking Price: £213,997
Price change in last one year: £8,754
Average Price Paid: £140,000
Average Rent Rates: £580

 

Property Prices Breakdown in Meadway, Cherry Willingham, Lincoln, LN3

Average Price for property in Meadway, Cherry Willingham, Lincoln, LN3 is around £187,603 e.g. average price for detached house is around 187,603. Values have been changing and have risen £753 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,839 in last 6 months, £8,754 in last 1 year, £23,444 in last 2 years, £18,111 in last 3 years, £14,837 in last 4 years and £16,121 in last 5 years.

Currently average asking price of a property in Meadway, Cherry Willingham, Lincoln, LN3 is around £213,997 based on approximately 1 properties for sale. Same is the case with rental options based on 4 properties up for rent, average asking rent is around £580 per month.

Estimated property value in Meadway, Cherry Willingham, Lincoln, LN3 is £187,603. Average asking price is £213,997 while average price paid is £134,000 which is up by £8,754 and Avg. asking rent £580.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 Meadway, Cherry Willingham, Lincoln, LN3 area. In last 1 year alone average price buyer paid is around £134,000 based on approximately 1 sales in Meadway, Cherry Willingham, Lincoln, LN3 area alone. If you compare it to last 3 years sales of 3 properties where buyers paid around £135,333. 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 £140,000 for 4 and average amount paid for purchase of approx. 5 properties sold in last 7 years comes to about £140,000 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 £109,950, £115,933 for a 2 bedroom house, £187,233 for a 3 bedroom house, £253,111 for a 4 bedroom house and £333,564 for a 5 bedroom house. For a flat similarly the prices varies from £40,000 for a single bedroom to £64,975 for a 2 bedroom Flat. To sum up the asking prices for properties in Meadway, Cherry Willingham, Lincoln, LN3 it comes to around average £74,975 for 1 bedroom property, £108,654 for 2 bedroom, £187,233 for 3 bedroom, £253,111 for 4 bedroom and £333,564 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 £550 for 1 bedroom to £572 for 2 bedroom and £624 for 3 bedroom. You should be generally be expecting around average £550 rent per month for single bedroom property, £572 for 2 bedroom and approximately £624 for 3 bedroom property in Meadway, Cherry Willingham, Lincoln, LN3 area.

Popular Houses in Meadway, Cherry Willingham, Lincoln, LN3

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 Meadway, Cherry Willingham, Lincoln, LN3