Witham Mews, Lincoln, LN5

Street Guide For Witham Mews, Lincoln, LN5

 

Witham Mews, Lincoln, LN5 Map

Estimated Price: £161,142
Average Asking Price: £181,213
Price change in last one year: £11,156
Average Price Paid: £125,749
Average Rent Rates: £551

 

Property Prices Breakdown in Witham Mews, Lincoln, LN5

Average Price for property in Witham Mews, Lincoln, LN5 is around £161,142 which varies based on type of property you are interested in and ranges from £193,971 for detached house to around £153,479 for semi-detached. Similarly terraced house is around £156,277 and a flat is worth £215,271. Values have been changing and have risen £1,380 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,165 in last 6 months, £11,156 in last 1 year, £20,994 in last 2 years, £18,305 in last 3 years, £18,817 in last 4 years and £15,689 in last 5 years.

Currently average asking price of a property in Witham Mews, Lincoln, LN5 is around £181,213 based on approximately 1 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 Witham Mews, Lincoln, LN5 is £161,142. Average asking price is £181,213 while average price paid is £133,000 which is up by £11,156 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 Witham Mews, Lincoln, LN5 area. In last 1 year alone average price buyer paid is around £133,000 based on approximately 1 sales in Witham Mews, Lincoln, LN5 area alone. If you compare it to last 3 years sales of 2 properties where buyers paid around £121,500. 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 £125,749 for 8 and average amount paid for purchase of approx. 13 properties sold in last 7 years comes to about £127,922 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 £229,967, £115,621 for a 2 bedroom house, £161,166 for a 3 bedroom house, £251,579 for a 4 bedroom house and £319,636 for a 5 bedroom house. For a flat similarly the prices varies from £76,365 for a single bedroom to £124,004 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £119,133. To sum up the asking prices for properties in Witham Mews, Lincoln, LN5 it comes to around average £111,812 for 1 bedroom property, £117,916 for 2 bedroom, £158,014 for 3 bedroom, £251,579 for 4 bedroom and £319,636 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 £356 for 1 bedroom to £514 for 2 bedrooms, £533 for 3 bedrooms, £536 for 4 bedrooms and £849 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £443. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £555 and £1,989 for 4 bedroom. You should be generally be expecting around average £416 rent per month for single bedroom property, £540 for 2 bedroom, £533 for 3 bedroom, £633 for 4 bedroom and approximately £849 for a 5 bedroom property in Witham Mews, Lincoln, LN5 area.

Popular Houses in Witham Mews, Lincoln, LN5

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 Witham Mews, Lincoln, LN5