Average Price for property in Lincoln is around £176,601 which varies based on type of property you are interested in and ranges from £225,651 for detached house to around £147,893 for semi-detached. Similarly terraced house is around £125,880 and a flat is worth £125,462. Values have been changing and have risen £1,209 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,814 in last 6 months, £11,346 in last 1 year, £21,679 in last 2 years, £20,385 in last 3 years, £18,394 in last 4 years and £18,201 in last 5 years.
Currently average asking price of a property in Lincoln is around £208,251 based on approximately 3,258 properties for sale. Same is the case with rental options based on 393 properties up for rent, average asking rent is around £607 per month.
Estimated property value in Lincoln is £176,601. Average asking price is £208,251 while average price paid is £160,951 which is up by £11,346 and Avg. asking rent £607.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 Lincoln area. In last 1 year alone average price buyer paid is around £160,951 based on approximately 3,258 sales in Lincoln area alone. If you compare it to last 3 years sales of 9,493 properties where buyers paid around £155,010. 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 £153,885 for 15,019 and average amount paid for purchase of approx. 20,425 properties sold in last 7 years comes to about £153,804 per sale.