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262 West Parade is a residential building situated on West Parade, Lincoln, LN1 with 7 addresses.
It ranks as the 299th largest and 31st most expensive of the 373 buildings in the LN1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 7 properties: 7 flats.
262 West Parade is a residential building situated on West Parade, Lincoln, LN1 with 7 addresses.
It ranks as the 299th largest and 31st most expensive of the 373 buildings in the LN1 area. The dominant property type is a modern flat built after 1980.
The building contains a total of 7 properties: 7 flats.
Sale prices range from £100,887 for 1 bedroom Leasehold flats (269 ft2) to £123,785 for 2 bedroom Leasehold flats (398 ft2) .
Monthly rental prices range from £602 pcm for 1 bed flats to £736 pcm for 2 bed flats.
The gross rental yield is between 7.1% and 7.3%.
The average value per square foot is £347.
The last sale in 262 West Parade sold for £300,000 on 23rd February 2007. Since then prices are up an average of 30.3%.
The current average value in the building is £111,941.
The 262 West Parade Sales Market has increased by 25.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -1% | £111,941 |
| May 2025 | 4.8% | £113,105 |
| May 2024 | -3.7% | £107,928 |
| May 2023 | 1.3% | £112,113 |
| May 2022 | 6.3% | £110,663 |
| May 2021 | 8% | £104,098 |
| May 2020 | -0.8% | £96,353 |
| May 2019 | 3.2% | £97,164 |
| May 2018 | 4.4% | £94,193 |
| May 2017 | 1% | £90,222 |
| May 2016 | 4.1% | £89,294 |
| May 2015 | 2.1% | £85,801 |
| May 2014 | 7.8% | £84,042 |
| May 2013 | 0.6% | £77,942 |
| May 2012 | -0.2% | £77,498 |
| May 2011 | -2.5% | £77,629 |
| May 2010 | 0.1% | £79,643 |
| May 2009 | -9.6% | £79,550 |
| May 2008 | 1.1% | £88,032 |
| May 2007 | 0% | £87,083 |
The current average rental value in the building is £669.
The 262 West Parade Rental Market has increased by 37.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 4.9% | £669pcm |
| May 2025 | 2.3% | £637pcm |
| May 2024 | 8.1% | £623pcm |
| May 2023 | 8.3% | £577pcm |
| May 2022 | 1.6% | £532pcm |
| May 2021 | 2.7% | £524pcm |
| May 2020 | 1% | £510pcm |
| May 2019 | 2.6% | £505pcm |
| May 2018 | -0.3% | £492pcm |
| May 2017 | 1.6% | £494pcm |
| May 2016 | 2.8% | £486pcm |
| May 2015 | 0.3% | £473pcm |
| May 2014 | 2.8% | £472pcm |
| May 2013 | -0.4% | £459pcm |
| May 2012 | 1.6% | £461pcm |
| May 2011 | -0.9% | £454pcm |
| May 2010 | -3.3% | £458pcm |
| May 2009 | -3.7% | £473pcm |
| May 2008 | 3.4% | £492pcm |
| May 2007 | 0% | £476pcm |
The last sale was on 23rd February 2007 for £300,000 and since then the market in the area has increased by 30.3%. The building has had a total of 2 sales since 1995.
262, West Parade, Lincoln, LN1 1LY has seen no sales in the last three years and no sales in the last twelve months.
The closest station to 262, West Parade, Lincoln, LN1 1LY is Lincoln station which is 1.3 kilometres away.
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According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 262, West Parade, Lincoln, LN1 1LY, 66.4% of property is privately rented and 15.7% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 262, West Parade, Lincoln, LN1 1LY, 69.4% of residents are recorded as possessing school level qualifications and 23.7% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 262, West Parade, Lincoln, LN1 1LY, the average age was 28.8 and the most common age was 22.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 262, West Parade, Lincoln, LN1 1LY, 0.7% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 262, West Parade, Lincoln, LN1 1LY, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.