Key indicators for buyers
The LN2 market looks favourable for buyers. Prices have softened (-8.1%), which could present a buying opportunity. Affordability has improved from a peak of 6.1x in 2021 to 5.2x today. Rising rents (£944/mo, +7.2%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Lincoln area
A home in Lincoln costs 5.2x the local median salary — moderate, improving from a peak of 6.1x in 2021.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Lincoln area
Average monthly rent in Lincoln is £944, up 7.2% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Lincoln price of £233,527 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £922 per month.
Monthly cost comparison based on current data
Uses LN2 avg. price with Lincoln rental data
Monthly mortgage payments (£922) are £22 less than renting (£944). However, buying requires an upfront deposit of £58k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, OAK CLOSE, SUDBROOKE LN2 2RG | Detached | £280,000 | 23 Jan 2026 |
27, HACKTHORN ROAD, WELTON LN2 3LY | Semi-detached | £47,607 | 16 Jan 2026 |
50, GREETWELL CLOSE LN2 4BA | Terraced | £195,000 | 16 Jan 2026 |
6, STONE BRIDGE LN2 4TL | Semi-detached | £240,000 | 16 Jan 2026 |
68, BECKHALL, WELTON LN2 3LJ | Detached | £425,000 | 15 Jan 2026 |
414, MONKS ROAD LN2 5PZ | Terraced | £135,000 | 12 Jan 2026 |
8, HUGHSON WALK, DUNHOLME LN2 3SA | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in LN2 sold for £233,527 in 2026, with a median of £240,000 across 13 transactions. Prices fell 8.1% compared to the previous year.
| £168,000 |
| 9 Jan 2026 |
23, FLORENCE STREET LN2 5LR | Terraced | £111,250 | 9 Jan 2026 |
30, HACKTHORN ROAD, WELTON LN2 3LY | Detached | £485,000 | 9 Jan 2026 |
7, ASHING LANE, DUNHOLME LN2 3NN | Detached | £250,000 | 8 Jan 2026 |
25, CROMWELL STREET LN2 5LP | Terraced | £89,000 | 8 Jan 2026 |
3, LONGDALES PLACE LN2 2JZ | Detached | £360,000 | 6 Jan 2026 |
3, THE CLOISTERS LN2 4AS | Terraced | £250,000 | 6 Jan 2026 |
112, FLAVIAN ROAD LN2 4JD | Detached | £325,000 | 19 Dec 2025 |
7, PUTNAM DRIVE LN2 4FW | Flat/Maisonette | £120,000 | 19 Dec 2025 |
6, BRAITHWAITE MEWS, DUNHOLME LN2 3TN | Semi-detached | £150,500 | 19 Dec 2025 |
38, WENTWORTH DRIVE, DUNHOLME LN2 3UH | Terraced | £165,000 | 19 Dec 2025 |
5, FIELD CLOSE, NETTLEHAM LN2 2RX | Detached | £340,000 | 19 Dec 2025 |
35, WRAGBY ROAD, SUDBROOKE LN2 2QU | Detached | £340,000 | 19 Dec 2025 |
6, EVERTON COURT, WELTON LN2 3FX | Detached | £350,000 | 18 Dec 2025 |
The most recent recorded sale in LN2 was a detached property on Oak Close for £280,000 in January 2026. Across the last 20 sales, the median price was £250,000.