Average Price for property in Vernon Street, Lincoln, LN5 is around £135,634 which varies based on type of property you are interested in and ranges from £103,336 for detached house to around £126,843 for semi-detached. Similarly terraced house is around £125,931 and a flat is worth £163,417. Values have been changing and have risen £1,116 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,179 in last 6 months, £9,028 in last 1 year, £16,989 in last 2 years, £14,817 in last 3 years, £15,232 in last 4 years and £12,703 in last 5 years.
Currently average asking price of a property in Vernon Street, Lincoln, LN5 is around £181,213 based on approximately 2 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 Vernon Street, Lincoln, LN5 is £135,634. Average asking price is £181,213 while average price paid is £130,000 which is up by £9,028 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 Vernon Street, Lincoln, LN5 area. In last 1 year alone average price buyer paid is around £130,000 based on approximately 2 sales in Vernon Street, Lincoln, LN5 area alone. If you compare it to last 3 years sales of 14 properties where buyers paid around £112,073. 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 £107,658 for 22 and average amount paid for purchase of approx. 27 properties sold in last 7 years comes to about £108,184 per sale.