Average Price for property in Mercer Drive, Lincoln, LN1 is around £227,632 which varies based on type of property you are interested in and ranges from £263,561 for detached house to around £237,046 for semi-detached. Similarly terraced house is around £89,435. Values have been changing and have risen £1,171 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,114 in last 6 months, £11,472 in last 1 year, £25,933 in last 2 years, £24,043 in last 3 years, £21,625 in last 4 years and £22,701 in last 5 years.
Currently average asking price of a property in Mercer Drive, Lincoln, LN1 is around £224,246 based on approximately 6 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 Mercer Drive, Lincoln, LN1 is £227,632. Average asking price is £224,246 while average price paid is £224,416 which is up by £11,472 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 Mercer Drive, Lincoln, LN1 area. In last 1 year alone average price buyer paid is around £224,416 based on approximately 6 sales in Mercer Drive, Lincoln, LN1 area alone. If you compare it to last 3 years sales of 13 properties where buyers paid around £191,269. 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 £191,738 for 21 and average amount paid for purchase of approx. 29 properties sold in last 7 years comes to about £183,758 per sale.