Values have been changing and have risen £1,212 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,537 in last 6 months, £9,803 in last 1 year, £18,450 in last 2 years, £16,090 in last 3 years, £16,541 in last 4 years and £13,795 in last 5 years.
Currently average asking price of a property in Riverside Drive, Lincoln, LN5 is around £181,213 based on approximately 5 properties for sale. Same is the case with rental options based on 83 properties up for rent, average asking rent is around £551 per month.
Estimated property value in Riverside Drive, Lincoln, LN5 is £141,738. Average asking price is £181,213 while average price paid is £129,100 which is up by £9,803 and Avg. asking rent £551.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 Riverside Drive, Lincoln, LN5 area. In last 1 year alone average price buyer paid is around £129,100 based on approximately 5 sales in Riverside Drive, Lincoln, LN5 area alone. If you compare it to last 3 years sales of 10 properties where buyers paid around £121,695. 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 £122,888 for 14 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £117,059 per sale.