Housing Market Analysis for SOMERSET CLOSE, LN1 2DB

Are you looking to understand LN1 2DB house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this West Lindsey postcode.

For the location information and nearby amenities in the LN1 2DB area, explore the LN1 2DB Area information page.
For comprehensive crime statistics in the LN1 2DB area, explore the LN1 2DB Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LN1 2DB postcode area, The average prices are as follows,

  • Detached
    • The average price is around £250,000 median price is £250,000 Standard Deviation is £65,000 with Total Sold: 2
    • The most recent sale happened at this postcode is KENDAL SOMERSET CLOSE: £185,000 (Sold on 30 Aug 2006)
    • The first recorded sale happened at this postcode is HORSESHOE HOUSE SOMERSET CLOSE: £315,000 (Sold on 23 Jul 2004)

Sold Price Trend Over the Years:

Below table and chart gives the average LN1 2DB house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2006£185,0001
2004£315,0001

All the Sales in the SOMERSET CLOSE, LN1 2DB

See the table below for more details on the sold house prices in the LN1 2DB, West Lindsey postcode.

AddressSold DatePrice% Change
KENDAL SOMERSET CLOSEDetached, Freehold30 Aug 2006£185,000First Sale
HORSESHOE HOUSE SOMERSET CLOSEDetached, Freehold23 Jul 2004£315,000First Sale

Check out the sold house prices near the LN1 2DB postcode. Properties currently for saleProperties currently for rent

SOMERSET CLOSE, LN1 2DB Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LN1 2DB postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LN1 2DB postcode.

  • Semi-Detached
    • The average price is around £189,556 median price is £167,500 Standard Deviation is £127,677 with Total Sold: 9
    • The Last 5 Year average price is £208,000 with Total Sold: 3
    • The most recent sale happened at this postcode is , 6 CHURCH ROAD: £264,000 (Sold on 11 Apr 2024)
    • The first recorded sale happened at this postcode is , 5 STOW PARK ROAD: £29,000 (Sold on 30 Jul 1996)
  • Detached
    • The average price is around £234,244 median price is £214,000 Standard Deviation is £176,455 with Total Sold: 77
    • The Last 5 Year average price is £368,889 with Total Sold: 18
    • The most recent sale happened at this postcode is , 13 INGHAM ROAD: £460,000 (Sold on 19 Oct 2023)
    • The first recorded sale happened at this postcode is , 11 SCHOOL LANE: £54,500 (Sold on 27 Oct 1995)
  • Other
    • The average price is around £230,000 median price is £200,000 Standard Deviation is £141,598 with Total Sold: 7
    • The Last 5 Year average price is £247,000 with Total Sold: 5
    • The most recent sale happened at this postcode is , 4 STOW PARK ROAD: £300,000 (Sold on 30 Mar 2021)
    • The first recorded sale happened at this postcode is 2, OLD POST OFFICE COURT INGHAM ROAD: £245,000 (Sold on 11 Dec 2017)
  • Terraced
    • The average price is around £162,500 median price is £162,500 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is , 4 STURTON ROAD: £162,500 (Sold on 08 Nov 2004)
    • The first recorded sale happened at this postcode is , 4 STURTON ROAD: £162,500 (Sold on 08 Nov 2004)

Sold Price Trend Over the Years:

House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£264,000 £2,478 1
2022£220,000 £2,222 1
2020£140,000 £1,842 1
2018£167,500 £1,572 1
2007£296,000 £1,746 2
2002£249,5001
1996£36,500 £309 2
House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£676,667 £2,455 3
2022£322,500 £2,635 4
2021£312,750 £2,051 6
2020£310,167 £2,368 3
2019£256,500 £2,079 2
2018£313,750 £2,325 4
2017£371,250 £2,504 4
2016£275,0001
2015£302,500 £2,354 4
2014£177,500 £1,895 2
2013£213,250 £1,393 2
2012£189,950 £1,332 1
2010£226,250 £1,333 2
2008£405,0002
2007£168,988 £1,258 4
2006£192,738 £2,067 4
2005£189,000 £1,602 1
2004£286,250 £1,548 4
2003£234,500 £1,108 2
2002£103,988 £818 4
2001£78,167 £889 3
2000£93,0001
1999£71,500 £724 2
1998£65,150 £658 4
1997£64,850 £409 4
1996£68,500 £580 2
1995£72,250 £624 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2021£300,0001
2020£287,500 £1,051 2
2019£180,000 £666 2
2018£130,000 £396 1
2017£245,000 £1,250 1
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2004£162,500 £1,343 1

House Type in LN1 2DB area

The most common house types in the LN1 2DB postcode area are Detached (101), Semi-detached (40), and Terraced (14).

Total168
Detached101
Semi-detached40
Terraced14
Flat7
converted building5
temporary structure1
Shared house0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (69), and Private rented: Private landlord or letting agency (34).

Owned: Owns outright69
Private rented: Private landlord or letting agency34
Owned: Owns with a mortgage or loan31
Social rented: Other social rented20
Private rented: Other private rented7
Social rented: Rents from council or Local Authority5
Shared ownership: Shared ownership1
Does not apply0
Lives rent free0

Number of People in a Household

The most houses in the LN1 2DB have 2 people in household (70), and 1 person in household (50).

2 people in household70
1 person in household50
3 people in household22
4 people in household15
5 people in household7
6 people in household3
0 people in household0
7 people in household0
8 or more people in household0