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Huge Disparity In Lincolnshire Property Prices Revealed

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Wed 26 Apr 2017

Huge Disparity In Lincolnshire Property Prices Revealed

 

There is a big difference between the most and least expensive properties in Lincolnshire, the latest figures from the Land Registry show.

 

Lincolnshire Live examined the data from February’s property sales and revealed that the most expensive home sold in the county came in at £715,000, while the cheapest property cost just £31,000.

 

A terraced house in St Peter’s Vale, Stamford was the house that topped the price list. It was followed by Church Farm in East End Langtoft which sold for £650,000, and a home in Nettleham that was purchased for £525,000.

 

At the other end of the scale, two terraced houses in Gainsborough had the £31,000 price tag, while a number of other properties in the town sold for between £34,500 and £45,000.

 

Many of the higher priced properties are located in the south Lincolnshire area, while those that are more affordable are situated in the north of the county.

 

The Royal Institution of Chartered Surveyors (RICS) recently highlighted the lack of new homes coming onto the market as an issue for prospective buyers, limiting their options and underpinning price rises in much of the country.

 

In addition, RICS noted that outside of London house price growth has remained strong since the start of 2017, which could make life particularly hard for first-time buyers.

 

Formerly Beercock, Wiles & Wick, Beercocks is a family-run estate agents that covers the Hull, Beverley, East Riding of Yorkshire and the North Lincolnshire areas. Give us a call today