The average property value in Lincolnshire is £233,960 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Lincolnshire grew by £23,044. Compare house prices by area
Average property prices in Lincolnshire grew by 10.9% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.2% per year.
If prices in Lincolnshire continue to rise by 4.2% a year, the average property price will be £275,892 in 2025.
The most expensive property values in Lincolnshire are found in South Kesteven, and the cheapest property values are found in Lincoln.
There were 11,823 property sales in Lincolnshire in the year ending June 2021, an increase of 728 when compared to the previous year.
The average price for a house in Lincolnshire ranges from £159,208 for a terraced house to £288,562 for a detached house, with semi-detached in between costing on average £181,981.
The average price for a flat or maisonette in Lincolnshire is £117,616.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Lincolnshire, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 47.5% from £195,695 to £288,562, semi-detached house prices have risen 46.5% from £124,177 to £181,981, terraced house prices have risen 45.8% from £109,182 to £159,208, and flat prices have risen 26.5% from £92,992 to £117,616.
The most common type of property sold in Lincolnshire during the year ending June 2021 was detached houses, which accounted for 54.2% of properties.
The least commonly available type of property sold in Lincolnshire were flats, which account for 2.9% of properties sold.
Of the properties sold in Lincolnshire during 2021, 2.0% were new build properties.
The average price paid for a new build property in Lincolnshire was £8,248 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (48% of new build properties sold). For existing properties, the most common type is detached houses (54% of existing properties sold).
The most common price band for property sales in Lincolnshire is £200k - £300k, which accounted for 20.9% of properties sold in 2021.
0.1% of properties in Lincolnshire had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Lincolnshire were in the under £50k price bracket, accounting for 0.2% of sales.
The cheapest property prices in Lincolnshire are found in Lincoln, where the average cost of a property is £194,566. Between the years ending June 2020 and June 2021, property prices have changed by 11.4% in Lincoln (compared to 10.9% in Lincolnshire)
Average property price
YoY change in price
|1|| Lincoln |
|2|| Boston |
|3|| East Lindsey |
|4|| South Holland |
|5|| West Lindsey |
The most expensive property values in Lincolnshire are found in South Kesteven, where the average property price is £272,217. Between the years ending June 2020 and June 2021, property prices have changed by 7.7% in South Kesteven (compared to 10.9% in Lincolnshire)
Average Property Price
YoY CHANGE in PRICE
|1|| South Kesteven |
|2|| North Kesteven |
|3|| West Lindsey |
|4|| South Holland |
|5|| East Lindsey |
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics