Housing Market Analysis for SOMERTON GATE LANE, LN5 9RN

Are you looking to understand LN5 9RN 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 North Kesteven postcode.

For the location information and nearby amenities in the LN5 9RN area, explore the LN5 9RN Area information page.
For comprehensive crime statistics in the LN5 9RN area, explore the LN5 9RN Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LN5 9RN postcode area, The average prices are as follows,

  • Detached
    • The average price is around £404,000 median price is £404,000 Standard Deviation is £4,000 with Total Sold: 2
    • The Last 5 Year average price is £404,000 with Total Sold: 2
    • The most recent sale happened at this postcode is MAYFIELD GARTH SOMERTON GATE LANE: £408,000 (Sold on 31 Jan 2022)
    • The first recorded sale happened at this postcode is MAYFIELD GARTH SOMERTON GATE LANE: £400,000 (Sold on 24 Jun 2020)

Sold Price Trend Over the Years:

Below table and chart gives the average LN5 9RN 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
2022£408,000 £1,652 1
2020£400,000 £1,619 1

All the Sales in the SOMERTON GATE LANE, LN5 9RN

See the table below for more details on the sold house prices in the LN5 9RN, North Kesteven postcode.

AddressSold DatePrice% Change
MAYFIELD GARTH SOMERTON GATE LANEDetached, FreeholdArea: 247 Sq.mtrAge: 1967-197531 Jan 2022£408,0002.00%
24 Jun 2020£400,000First Sale

Check out the sold house prices near the LN5 9RN postcode. Properties currently for saleProperties currently for rent

SOMERTON GATE LANE, LN5 9RN Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LN5 9RN 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 LN5 9RN postcode.

  • Detached
    • The average price is around £206,566 median price is £195,000 Standard Deviation is £109,137 with Total Sold: 359
    • The Last 5 Year average price is £292,560 with Total Sold: 108
    • The most recent sale happened at this postcode is , GRAYSMERE HILL TOP: £415,000 (Sold on 21 May 2024)
    • The first recorded sale happened at this postcode is , HAYWARDS STAPLES LANE: £45,000 (Sold on 07 Feb 1995)
  • Semi-Detached
    • The average price is around £126,240 median price is £119,950 Standard Deviation is £67,880 with Total Sold: 275
    • The Last 5 Year average price is £183,847 with Total Sold: 77
    • The most recent sale happened at this postcode is , ALEXANDRA COTTAGE FAR LANE: £255,000 (Sold on 16 Apr 2024)
    • The first recorded sale happened at this postcode is , BARN COTTAGE HIGH STREET: £34,000 (Sold on 28 Apr 1995)
  • Terraced
    • The average price is around £115,779 median price is £115,000 Standard Deviation is £50,590 with Total Sold: 139
    • The Last 5 Year average price is £171,455 with Total Sold: 29
    • The most recent sale happened at this postcode is , 8 MILLERS ROAD: £172,500 (Sold on 24 Nov 2023)
    • The first recorded sale happened at this postcode is , 12 BLACKS CLOSE: £36,500 (Sold on 31 Mar 1995)
  • Other
    • The average price is around £320,780 median price is £281,872 Standard Deviation is £243,435 with Total Sold: 16
    • The Last 5 Year average price is £340,374 with Total Sold: 12
    • The most recent sale happened at this postcode is , 31 WORDSALL CLOSE: £108,144 (Sold on 23 Sep 2022)
    • The first recorded sale happened at this postcode is , YOUTH CENTRE HIGH STREET: £85,000 (Sold on 24 Apr 2014)
  • Flat
    • The average price is around £36,611 median price is £34,000 Standard Deviation is £6,372 with Total Sold: 9
    • The most recent sale happened at this postcode is 1, ST PAULS COURT HIGH STREET: £34,000 (Sold on 24 May 2002)
    • The first recorded sale happened at this postcode is 2, ST PAULS COURT HIGH STREET: £29,000 (Sold on 23 Aug 1995)

Sold Price Trend Over the Years:

House Type: Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£440,0002
2023£312,812 £2,846 8
2022£305,787 £2,666 31
2021£260,731 £2,923 29
2020£301,089 £2,444 18
2019£287,690 £2,620 20
2018£303,000 £2,243 11
2017£258,571 £2,078 14
2016£211,221 £1,830 12
2015£234,746 £2,343 12
2014£252,222 £1,816 9
2013£189,438 £1,653 16
2012£257,500 £1,788 4
2011£209,190 £1,563 5
2010£177,500 £1,567 3
2009£192,167 £1,852 9
2008£220,685 £1,522 9
2007£241,178 £2,131 14
2006£181,236 £1,765 12
2005£222,187 £1,650 8
2004£176,600 £1,697 5
2003£176,000 £1,498 7
2002£121,035 £1,040 13
2001£107,644 £978 17
2000£88,816 £762 16
1999£91,704 £838 11
1998£88,993 £810 7
1997£86,915 £672 13
1996£66,806 £603 9
1995£66,666 £717 15
House Type: Semi-Detached
YearAvg. PriceAvg. Price/Sq. mtrSold
2024£255,0001
2023£193,633 £3,032 12
2022£221,181 £2,853 13
2021£177,022 £2,177 20
2020£161,705 £2,308 11
2019£169,155 £2,388 20
2018£184,825 £2,336 12
2017£192,375 £2,151 8
2016£141,194 £1,868 9
2015£137,925 £1,781 8
2014£120,921 £1,502 7
2013£104,110 £1,226 5
2012£109,681 £1,471 8
2011£97,238 £1,633 4
2010£129,788 £2,047 4
2009£129,438 £1,315 8
2008£118,9823
2007£141,688 £1,922 8
2006£145,568 £1,690 14
2005£127,500 £1,804 6
2004£151,429 £1,817 7
2003£87,707 £1,352 7
2002£67,686 £1,077 16
2001£50,378 £827 9
2000£63,611 £672 9
1999£51,750 £607 7
1998£48,045 £616 10
1997£50,033 £595 12
1996£47,800 £671 9
1995£36,375 £660 8
House Type: Terraced
YearAvg. PriceAvg. Price/Sq. mtrSold
2023£153,750 £2,178 2
2022£194,393 £2,591 14
2021£135,000 £2,241 2
2020£152,670 £2,397 5
2019£151,642 £2,251 6
2018£163,575 £1,691 6
2017£164,612 £2,292 4
2016£142,167 £1,955 6
2015£126,492 £1,712 12
2014£99,255 £1,549 10
2013£108,758 £2,076 1
2012£101,738 £1,502 4
2011£104,917 £1,986 3
2010£107,990 £1,471 13
2009£111,500 £1,614 5
2007£175,000 £1,909 2
2006£126,417 £1,712 6
2005£118,000 £1,488 2
2004£93,033 £1,611 3
2003£69,583 £1,276 6
2002£54,490 £1,099 5
2001£48,750 £759 10
2000£50,6252
1999£58,500 £699 2
1998£44,500 £500 1
1997£39,500 £595 2
1996£36,717 £695 3
1995£36,500 £545 2
House Type: Other
YearAvg. PriceAvg. Price/Sq. mtrSold
2022£108,144 £1,319 1
2021£443,449 £7,229 8
2020£178,750 £2,483 1
2019£125,000 £1,009 2
2018£85,000 £685 1
2017£439,000 £7,836 2
2014£85,0001
House Type: Flat
YearAvg. PriceAvg. Price/Sq. mtrSold
2002£34,000 £721 1
2001£36,125 £753 4
1998£39,000 £827 1
1997£41,500 £770 2
1995£29,000 £621 1

House Type in LN5 9RN area

The most common house types in the LN5 9RN postcode area are Semi-detached (79), Detached (33), and Terraced (26).

Total140
Semi-detached79
Detached33
Terraced26
Flat1
temporary structure1
Shared house0
converted building0
commercial building0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (50), and Social rented: Rents from council or Local Authority (41).

Owned: Owns outright50
Social rented: Rents from council or Local Authority41
Owned: Owns with a mortgage or loan34
Private rented: Private landlord or letting agency8
Private rented: Other private rented5
Social rented: Other social rented1
Lives rent free1
Does not apply0
Shared ownership: Shared ownership0

Number of People in a Household

The most houses in the LN5 9RN have 1 person in household (62), and 2 people in household (46).

1 person in household62
2 people in household46
3 people in household14
4 people in household11
5 people in household4
6 people in household1
0 people in household0
7 people in household0
8 or more people in household0