House prices across West Lindsey on the increase

The boost contributes to the longer-term trend, which has seen property prices in the area achieve 6.1% annual growth .

The average West Lindsey house price in May was £179,079, Land Registry figures show – a 3.5% increase on the previous month.

The picture was better than that across the East Midlands, where prices decreased 0.7%, and West Lindsey outperformed the 0.3% rise for the UK as a whole.

Over the last year, the average sale price of property in West Lindsey rose by £10,000 – putting the area 10th among the East Midlands’s 40 local authorities for annual growth.

Owners of flats saw the biggest improvement in property prices in West Lindsey in May – they increased 4%, to £95,931 on average. Over the last year, prices rose by 4.2%.

Among other types of property: detached was up 3.3% monthly, up 5.9% annually, with an average of £235,369; semi-detached up 3.6% monthly, 6.2% annually, with an average of £153,089, and terraced up 3.5% monthly, 6.5% annually, with an average of £124,830.

First-time buyers in West Lindsey spent an average of £150,400 on their property – £9,000 more than a year ago.

By comparison, former owner-occupiers paid £ 198,900 on average in May – 32.3% more than first-time buyers.