The average property value in West Lindsey is £230,084 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 West Lindsey grew by £22,790. Compare house prices by area
Average property prices in West Lindsey grew by 11.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 3.4% per year.
If prices in West Lindsey continue to rise by 3.4% a year, the average property price will be £263,155 in 2025.
There were 1,486 property sales in West Lindsey in the year ending June 2021, an increase of 54 when compared to the previous year.
The average price for a house in West Lindsey ranges from £124,054 for a terraced house to £294,946 for a detached house, with semi-detached in between costing on average £169,131.
The average price for a flat or maisonette in West Lindsey is £119,466.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in West Lindsey, semi-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 38.8% from £212,467 to £294,946, semi-detached house prices have risen 44.9% from £116,721 to £169,131, terraced house prices have risen 14.3% from £108,498 to £124,054, and flat prices have risen 10.0% from £108,571 to £119,466.
The most common type of property sold in West Lindsey during the year ending June 2021 was detached houses, which accounted for 55.9% of properties.
The least commonly available type of property sold in West Lindsey were flats, which account for 2.0% of properties sold.
Of the properties sold in West Lindsey during 2021, 1.0% were new build properties.
The average price paid for a new build property in West Lindsey was £86,522 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (70% of new build properties sold). For existing properties, the most common type is detached houses (56% of existing properties sold).
The most common price band for property sales in West Lindsey is £200k - £300k, which accounted for 20.1% of properties sold in 2021.
The cheapest properties in West Lindsey were in the under £50k price bracket, accounting for 1.1% of sales.
Average property price
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Average Property Price
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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