Housing Market Analysis for BACK LANE, LN2 2WP

Are you looking to understand LN2 2WP 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 LN2 2WP area, explore the LN2 2WP Area information page.
For comprehensive crime statistics in the LN2 2WP area, explore the LN2 2WP Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LN2 2WP postcode area, The average prices are as follows,

  • Detached
    • The average price is around £357,167 median price is £275,000 Standard Deviation is £190,506 with Total Sold: 9
    • The Last 5 Year average price is £609,750 with Total Sold: 2
    • The most recent sale happened at this postcode is 2A BACK LANE: £642,000 (Sold on 03 Oct 2023)
    • The first recorded sale happened at this postcode is 3 BACK LANE: £270,000 (Sold on 28 Aug 2002)

Sold Price Trend Over the Years:

Below table and chart gives the average LN2 2WP 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
2023£642,0001
2021£577,5001
2019£575,0001
2016£275,000 £2,273 1
2010£287,5002
2009£150,000 £1,816 2
2002£270,0001

All the Sales in the BACK LANE, LN2 2WP

See the table below for more details on the sold house prices in the LN2 2WP, West Lindsey postcode.

AddressSold DatePrice% Change
2A BACK LANEDetached, Freehold03 Oct 2023£642,00011.65%
06 Dec 2019£575,00035.29%
17 Aug 2010£425,000183.33%
21 Jul 2010£150,000First Sale
3 BACK LANEDetached, Freehold28 May 2021£577,500113.89%
28 Aug 2002£270,000First Sale
2 BACK LANEDetached, FreeholdArea: 121 Sq.mtrAge: 1996-200223 Jun 2016£275,000First Sale
4 BACK LANEDetached, FreeholdArea: 99.1 Sq.mtrAge: 1950-196620 Feb 2009£180,000First Sale
PLOT 2A BACK LANEDetached, Freehold09 Jan 2009£120,000First Sale

Check out the sold house prices near the LN2 2WP postcode. Properties currently for saleProperties currently for rent

BACK LANE, LN2 2WP Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LN2 2WP 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 LN2 2WP postcode.

  • Detached
    • The average price is around £237,799 median price is £224,000 Standard Deviation is £154,448 with Total Sold: 287
    • The Last 5 Year average price is £404,029 with Total Sold: 61
    • The most recent sale happened at this postcode is , LITTLE GABLES, 18 CRAYPOOL LANE: £235,000 (Sold on 14 Jun 2024)
    • The first recorded sale happened at this postcode is , 40 SUDBROOKE ROAD: £117,000 (Sold on 11 Jan 1995)
  • Semi-Detached
    • The average price is around £139,204 median price is £122,000 Standard Deviation is £89,246 with Total Sold: 55
    • The Last 5 Year average price is £271,812 with Total Sold: 8
    • The most recent sale happened at this postcode is , 22 CRAYPOOL LANE: £232,000 (Sold on 05 Apr 2024)
    • The first recorded sale happened at this postcode is , 19 SUDBROOKE ROAD: £57,000 (Sold on 31 Mar 1995)
  • Terraced
    • The average price is around £108,579 median price is £102,000 Standard Deviation is £57,874 with Total Sold: 41
    • The Last 5 Year average price is £151,500 with Total Sold: 4
    • The most recent sale happened at this postcode is , 9 SUDBROOKE ROAD: £118,000 (Sold on 09 Jan 2023)
    • The first recorded sale happened at this postcode is , 11 SUDBROOKE ROAD: £28,000 (Sold on 19 Apr 1996)
  • Other
    • The average price is around £680,000 median price is £680,000 Standard Deviation is £0 with Total Sold: 1
    • The most recent sale happened at this postcode is , 3 SAXON FIELDS: £680,000 (Sold on 31 Aug 2018)
    • The first recorded sale happened at this postcode is , 3 SAXON FIELDS: £680,000 (Sold on 31 Aug 2018)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£324,667 £3,304 6
2023£372,750 £2,643 8
2022£380,550 £3,317 10
2021£423,962 £2,640 20
2020£437,118 £2,707 17
2019£393,000 £2,065 10
2018£242,375 £1,986 8
2017£340,167 £2,599 9
2016£285,786 £2,142 7
2015£325,625 £2,165 4
2014£275,050 £2,052 8
2013£276,778 £1,893 9
2012£185,900 £1,815 5
2011£298,361 £1,874 9
2010£272,000 £1,723 8
2009£191,993 £1,911 7
2008£174,167 £1,601 3
2007£203,214 £1,761 7
2006£237,500 £1,714 10
2005£274,969 £1,743 8
2004£245,374 £1,895 4
2003£239,889 £1,565 9
2002£155,282 £1,195 14
2001£106,314 £908 14
2000£94,179 £602 7
1999£90,027 £802 15
1998£85,881 £644 13
1997£79,647 £675 15
1996£86,704 £790 13
1995£77,245 £692 10
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£232,000 £2,128 1
2023£343,000 £3,363 1
2022£340,000 £2,206 2
2021£245,000 £3,356 1
2020£224,833 £2,834 3
2019£190,420 £2,145 2
2018£144,000 £1,387 2
2017£97,500 £1,336 1
2015£295,000 £2,543 1
2014£259,000 £1,779 2
2012£151,333 £1,634 3
2011£123,500 £1,436 2
2010£187,000 £2,213 1
2009£144,500 £1,430 4
2008£122,000 £1,718 1
2007£234,0001
2006£139,9501
2005£132,333 £1,439 3
2004£140,0001
2003£90,000 £1,268 1
2002£81,825 £856 6
2001£66,998 £787 3
2000£50,000 £549 3
1999£37,500 £344 2
1998£58,998 £471 3
1997£55,7502
1996£51,000 £455 1
1995£57,0001
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£118,000 £2,810 1
2021£162,667 £2,179 3
2019£202,250 £2,110 2
2018£127,000 £1,796 3
2014£107,500 £1,726 2
2013£115,000 £1,243 2
2011£83,475 £943 2
2010£125,000 £2,246 1
2009£83,500 £1,669 2
2008£130,0001
2007£95,000 £2,262 1
2006£175,333 £2,857 3
2005£245,0001
2004£129,862 £1,701 4
2003£96,500 £1,097 1
2002£79,950 £1,563 2
2001£44,950 £1,070 1
1999£57,000 £905 1
1998£35,0002
1997£37,375 £778 4
1996£31,500 £833 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2018£680,000 £2,566 1

House Type in LN2 2WP area

The most common house types in the LN2 2WP postcode area are Detached (110), Semi-detached (21), and Terraced (1).

Total132
Detached110
Semi-detached21
Terraced1
Flat0
Shared house0
converted building0
commercial building0
temporary structure0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (71), and Owned: Owns with a mortgage or loan (44).

Owned: Owns outright71
Owned: Owns with a mortgage or loan44
Private rented: Other private rented9
Private rented: Private landlord or letting agency8
Does not apply0
Shared ownership: Shared ownership0
Social rented: Rents from council or Local Authority0
Social rented: Other social rented0
Lives rent free0

Number of People in a Household

The most houses in the LN2 2WP have 2 people in household (74), and 4 people in household (19).

2 people in household74
4 people in household19
1 person in household18
3 people in household15
5 people in household1
6 people in household1
7 people in household1
0 people in household0
8 or more people in household0