The latest figures show that the average price for a Flat & Apartment property in West Lindsey has now reached £105,685 as of Jul 2024. This value is based upon the average value of completed property transactions in the month of July.
Average prices for a Flat & Apartment property have increased substantially over the longer term in West Lindsey. Back in January 1995, prices for this type of property averaged £29,736 based on sales at the time. Fast forward to January 2024, and averages reached £108,270 - representing a growth of 264% over 29 years.
This substantial triple-digit percentage rise in Flat & Apartment property values far outpaced broader inflation over the same period. Rising household incomes, strong local economy, high demand and constrained supply all likely contributed to the steep price inflation seen for Flat & Apartment homes in West Lindsey over the past 3 decades.