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Lincoln House Prices Lincoln House Prices

The average house price in Lincoln is £190,000 using HM Land Registry data.

The average property price increased by £41,585 (23.83%) over the last 5 years and increased by £8,311 (4%) over the last 12 months.

Over the last year, there were 943 residential property sales – a decrease of 621 transactions (-65.85%) relative to the previous year. The majority of house sales (228) were in the £150,000 - £190,000 range. Then came properties in the £110,000 - £150,000 range, where 205 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 70 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,448 (-2%).

In April 2024, there were 198 new estate agency instructions, 129 agreed home sales and 135 property price reductions.

Neighbouring Areas: North Hykeham, Waddington

Postcodes Covered: LN1, LN2, LN3, LN5, LN6

5-Year Average Property Prices in Lincoln

23.83%

Property prices in Lincoln increased by 23.83% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Lincoln Over the Last Year

4%

Property prices in Lincoln increased by 4% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Lincoln - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Lincoln

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Lincoln

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Lincoln

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Lincoln since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Lincoln area since 1995.

Recent Property Sales in Lincoln

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
6 Aster Close, Lincoln, Lincolnshire, LN2 4SU£250,000£245,000-£5,00018 Sep 202315 Mar 2024179 Days
15 Church Drive, Lincoln, Lincolnshire, LN6 7AX£175,000£170,000-£5,00001 Sep 202314 Mar 2024195 Days
82 Roman Wharf, Lincoln, Lincolnshire, LN1 1SR£200,000£187,500-£12,50002 Dec 202314 Mar 2024103 Days
19 Larne Road, Lincoln, Lincolnshire, LN5 9TY£150,000£150,000£0014 Oct 202313 Mar 2024151 Days
41 Eton Close, Lincoln, Lincolnshire, LN6 0YF£200,000£200,000£0024 Jan 202411 Mar 202447 Days
5 Elmwood Close, Lincoln, Lincolnshire, LN6 0LZ£120,000£120,000£0029 Jun 202307 Mar 2024252 Days
33 Belle Vue Road, Lincoln, Lincolnshire, LN1 1HH£325,000£310,000-£15,00010 Nov 202329 Feb 2024111 Days
25 Lupin Road, Lincoln, Lincolnshire, LN2 4GB£205,000£190,000-£15,00012 Feb 202428 Feb 202416 Days
195 West Parade, Lincoln, Lincolnshire, LN1 1QT£400,000£380,000-£20,00018 Aug 202323 Feb 2024189 Days
7 Minting Close, Lincoln, Lincolnshire, LN1 3TD£160,000£155,000-£5,00025 Aug 202323 Feb 2024182 Days
2 Wyville Walk, Lincoln, Lincolnshire, LN6 0DF£150,000£145,000-£5,00020 Nov 202322 Feb 202494 Days
14 Nightingale Crescent, Lincoln, Lincolnshire, LN6 0JJ£160,000£155,000-£5,00007 Aug 202319 Feb 2024196 Days
52 Shearwater Road, Lincoln, Lincolnshire, LN6 0XA£250,000£240,000-£10,00012 Aug 202316 Feb 2024188 Days
5 Sewells Walk, Lincoln, Lincolnshire, LN5 7TF£100,000£100,000£0030 Nov 202316 Feb 202478 Days
41 Nettleham Road, Lincoln, Lincolnshire, LN2 1RW£470,000£405,000-£65,00024 Aug 202316 Feb 2024176 Days
Apartment 113, Palatine House, Olsen Rise, Lincoln, Lincolnshire, LN2 4ZE£110,000£110,000£0003 Nov 202316 Feb 2024105 Days
13 Richmond Road, Lincoln, Lincolnshire, LN1 1LQ£230,000£216,000-£14,00021 Oct 202314 Feb 2024116 Days
22 Lansdowne Avenue, Lincoln, Lincolnshire, LN6 7PU£210,000£210,000£0027 Sep 202309 Feb 2024135 Days
31 Eastbourne Street, Lincoln, Lincolnshire, LN2 5BW£155,000£144,124-£10,87613 Oct 202309 Feb 2024119 Days
8 Sherbrooke Street, Lincoln, Lincolnshire, LN2 5QA£149,500£149,500£0001 Sep 202301 Feb 2024153 Days

Most Expensive Streets in Lincoln

PostcodeStreetAreaAverageNo. of Sales
LN2 1RGThe GroveLincoln£1,008,7504
LN1 3BSBailgate CourtWordsworth Street, Lincoln£729,41612
LN2 1RHNettleham RoadLincoln£708,3333
LN2 4AQGreetwell RoadLincoln£650,0003
LN1 3SNRiseholme RoadLincoln£548,3333
LN1 1JPThe HeightsCarline Road£543,1254
LN1 3BNDrury LaneLincoln£534,5559
LN2 4ANCurle AvenueLincoln£506,3333
LN1 3EXThe ColosseumLincoln£494,7003
LN6 7AJFoxes LaneLincoln£493,3333

Least Expensive Streets in Lincoln

PostcodeStreetAreaAverageNo. of Sales
LN6 0LSWoodfield CloseLincoln£71,0003
LN6 0LRWoodfield AvenueLincoln£74,4449
LN2 4DUHowe CourtLincoln£81,3333
LN6 0BNAnderby CloseLincoln£82,0758
LN2 4GQWarren CourtLincoln£84,3333
LN2 2GFCathedral View CourtLincoln£85,07027
LN2 5NRKent StreetLincoln£86,5004
LN5 8LAKnight TerraceLincoln£87,1663
LN5 7LLChelmsford StreetLincoln£90,1663
LN5 8QWAlbany TerraceLincoln£92,0857

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