Orchard Close, Lincoln, LN6

Street Guide For Orchard Close, Lincoln, LN6

 

Orchard Close, Lincoln, LN6 Map

Estimated Price: £141,843
Average Asking Price: £192,077
Price change in last one year: £7,705
Average Price Paid: £133,612
Average Rent Rates: £876

 

Property Prices Breakdown in Orchard Close, Lincoln, LN6

Average Price for property in Orchard Close, Lincoln, LN6 is around £141,843 which varies based on type of property you are interested in and ranges from £159,914 for detached house to around £139,708 for terraced house. Similarly flat is around £116,385. Values have been changing and have risen £634 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,046 in last 6 months, £7,705 in last 1 year, £16,574 in last 2 years, £14,202 in last 3 years, £12,046 in last 4 years and £13,318 in last 5 years.

Currently average asking price of a property in Orchard Close, Lincoln, LN6 is around £192,077 based on approximately 3 properties for sale. Same is the case with rental options based on 52 properties up for rent, average asking rent is around £876 per month.

Estimated property value in Orchard Close, Lincoln, LN6 is £141,843. Average asking price is £192,077 while average price paid is £133,983 which is up by £7,705 and Avg. asking rent £876.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 Orchard Close, Lincoln, LN6 area. In last 1 year alone average price buyer paid is around £133,983 based on approximately 3 sales in Orchard Close, Lincoln, LN6 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £133,612. 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 £133,612 for 4 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £131,955 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 £97,230, £128,780 for a 2 bedroom house, £164,469 for a 3 bedroom house, £242,263 for a 4 bedroom house and £333,860 for a 5 bedroom house. For a flat similarly the prices varies from £71,560 for a single bedroom to £94,311 for a 2 bedroom Flat. To sum up the asking prices for properties in Orchard Close, Lincoln, LN6 it comes to around average £88,673 for 1 bedroom property, £121,809 for 2 bedroom, £164,469 for 3 bedroom, £242,263 for 4 bedroom and £333,860 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 £478 for 1 bedroom to £588 for 2 bedrooms, £632 for 3 bedrooms, £595 for 4 bedrooms and £960 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £480. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £504. You should be generally be expecting around average £479 rent per month for single bedroom property, £544 for 2 bedroom, £632 for 3 bedroom, £595 for 4 bedroom and approximately £960 for a 5 bedroom property in Orchard Close, Lincoln, LN6 area.

Popular Houses in Orchard Close, Lincoln, LN6

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 Orchard Close, Lincoln, LN6