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Lincoln House Prices Lincoln House Prices

The average house price in Lincoln is £198,697 using HM Land Registry data.

The average property price increased by £38,684 (21.84%) over the last 5 years and increased by £7,733 (3.72%) over the last 12 months.

Over the last year, there were 1,005 residential property sales – a decrease of 483 transactions (-48.06%) relative to the previous year. The majority of house sales (235) were in the £150,000 - £190,000 range. Then came properties in the £110,000 - £150,000 range, where 218 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,448 (-2%).

In Oct 24, there were 186 new estate agency instructions, 153 agreed home sales and 161 property price reductions.

Neighbouring Areas: North Hykeham, Waddington

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

5-Year Average Property Prices in Lincoln

21.84%

Property prices in Lincoln increased by 21.84% 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

3.72%

Property prices in Lincoln increased by 3.72% 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 - Oct 24

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
33 Wilson Street, Lincoln, Lincolnshire, LN1 3HZ£130,000£130,000£0007 Mar 202423 Aug 2024169 Days
21 Walmer Street, Lincoln, Lincolnshire, LN2 5NJ£125,000£120,000-£5,00020 Feb 202420 Aug 2024182 Days
18 Ashworth Close, Lincoln, Lincolnshire, LN6 7HN£260,000£250,000-£10,00022 Mar 202416 Aug 2024147 Days
31 Gibbeson Street, Lincoln, Lincolnshire, LN5 8JP£130,000£75,000-£55,00006 Dec 202316 Aug 2024254 Days
3 St Andrews Place, Lincoln, Lincolnshire, LN5 7LX£130,000£126,000-£4,00020 May 202414 Aug 202486 Days
26 Nightingale Crescent, Lincoln, Lincolnshire, LN6 0JJ£180,000£175,000-£5,00029 Apr 202412 Aug 2024105 Days
99 Laughton Way, Ermine, Lincoln, Lincolnshire, LN2 2EU£160,000£153,000-£7,00020 Mar 202412 Aug 2024145 Days
20 Kingsdown Road, Lincoln, Lincolnshire, LN6 0FB£140,000£139,000-£1,00026 Apr 202409 Aug 2024105 Days
23 Antrim Road, Lincoln, Lincolnshire, LN5 8TF£140,000£140,000£0014 Mar 202409 Aug 2024148 Days
7 Carisbrooke Close, Lincoln, Lincolnshire, LN1 3JR£260,000£245,000-£15,00019 Apr 202408 Aug 2024111 Days
7 Windermere Road, Lincoln, Lincolnshire, LN2 4UA£335,000£335,000£0019 Feb 202406 Aug 2024169 Days
65 Queen Elizabeth Road, Lincoln, Lincolnshire, LN1 3RL£180,000£180,000£0029 Feb 202430 Jul 2024152 Days
42 Finningley Road, Lincoln, Lincolnshire, LN6 0UP£387,500£387,500£0009 Jun 202326 Jul 2024413 Days
10 Falklands Close, Lincoln, Lincolnshire, LN1 3XH£169,000£162,000-£7,00029 Apr 202426 Jul 202488 Days
1 Swanholme Close, Lincoln, Lincolnshire, LN6 3DE£385,000£370,000-£15,00006 Oct 202323 Jul 2024291 Days
14 Elsham Crescent, Lincoln, Lincolnshire, LN6 3YZ£155,000£145,000-£10,00029 Sep 202323 Jul 2024298 Days
136 Woodfield Avenue, Lincoln, Lincolnshire, LN6 0LR£65,000£62,000-£3,00026 Jan 202422 Jul 2024178 Days
65 Baker Crescent, Lincoln, Lincolnshire, LN6 0RN£170,000£167,000-£3,00025 Apr 202422 Jul 202488 Days
8 Blyton Road, Lincoln, Lincolnshire, LN6 3NH£245,000£238,000-£7,00024 Apr 202419 Jul 202486 Days
8 Albany Street, Lincoln, Lincolnshire, LN1 3JD£175,000£168,000-£7,00015 Mar 202419 Jul 2024126 Days

Most Expensive Streets in Lincoln

PostcodeStreetAreaAverageNo. of Sales
LN2 1RGThe GroveLincoln£1,008,7504
LN1 3BSBailgate CourtWordsworth Street, Lincoln£749,55010
LN2 1RHNettleham RoadLincoln£687,1254
LN2 1QSNorthgateLincoln£560,6663
LN1 1JPThe HeightsCarline Road£543,1254
LN1 3DRSt Johns RoadLincoln£534,9833
LN1 3BNDrury LaneLincoln£534,5559
LN2 4ANCurle AvenueLincoln£505,0574
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£74,72711
LN2 4DUHowe CourtLincoln£82,2504
LN2 5PLMonks RoadLincoln£83,3333
LN6 0BNAnderby CloseLincoln£83,9166
LN2 2GFCathedral View CourtLincoln£87,58622
LN5 8LAKnight TerraceLincoln£90,3624
LN5 8JPGibbeson StreetLincoln£94,2905
LN5 8JSShakespeare StreetLincoln£94,8333
LN5 8JAHigh StreetLincoln£95,0003

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