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Housing prices in South Kesteven

How average house prices and rents are changing in South Kesteven.

In South Kesteven:

House price £274,000

The average house price in South Kesteven was £274,000 in May 2024 (provisional), up 4.8% from May 2023. This was higher than the rise in the East Midlands (3.2%) over the same period.

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Monthly rent £788

Private rents rose to an average of £788 in June 2024, an annual increase of 11.7% from £705 in June 2023. This was higher than the rise in the East Midlands (9.3%) over the year.

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First-time buyers £227,000

The average price paid by first-time buyers was £227,000 in May 2024 (provisional). This was 5.2% higher than the average of £216,000 in May 2023 (revised).

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Mortgage buyers £284,000

For homes bought with a mortgage, the average house price was £284,000 in May 2024 (provisional). This was 5.1% higher than the average of £270,000 in May 2023 (revised).

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Warning:

Local housing data are based on a smaller number of properties than our national estimates. This means that short-term trends are more variable. We advise looking at trends over a year or longer.

We regularly revise our house prices estimates. UK-level rent estimates for the latest two months, and all house price data, are provisional and subject to revision.

Figures in this article are not seasonally adjusted.

You may also be interested in our recent analysis of which local areas of England and Wales have been most and least exposed to rising mortgage and rent costs during 2023.

Average house price in South Kesteven was £274,000 in May 2024

The provisional average house price in South Kesteven in May 2024 was £274,000. This was higher than the average of £261,000 in May 2023 (revised), a 4.8% rise.

Annual change in house prices in South Kesteven

House price annual inflation, South Kesteven, January 2005 to May 2024

Across the East Midlands, the average house price in May 2024 was £246,000, which was more than a year earlier (£238,000).

Across Great Britain, a home sold for an average of £288,000 in May 2024, which was up from the May 2023 average of £282,000.

In the year to May 2024, the average price for semi-detached properties in South Kesteven rose by 6.1%, while the average price for flats increased by 2.2%.

Change in house price by type of property in South Kesteven

Provisional figure for 12-month change in house price, by property type, May 2024

For each property type, average prices as of May 2024 in South Kesteven were:

  • Detached properties: £383,000
  • Semi-detached properties: £251,000
  • Terraced properties: £202,000
  • Flats and maisonettes: £130,000

Average private rents rose in South Kesteven

The average monthly private rent in South Kesteven was £788 in June 2024. This was an increase from £705 in June 2023, a 11.7% rise.

Annual change in rents in South Kesteven

Private rental price annual inflation, South Kesteven, January 2016 to June 2024

Across the East Midlands, the average monthly rent was £827, up from £756 a year earlier.

Across Great Britain, the average rent price in June 2024 was £1,271, which was up from £1,170 in June 2023.

Average rent in South Kesteven compared with the East Midlands

Average rental price, June 2024

In South Kesteven, the average rent for semi-detached properties rose by 12.0%, while for terraced properties, it increased by 11.5%.

Average rent for one bed properties rose by 12.3%, while the average for four-or-more bed properties increased by 10.7%.

Change in average rents by bedroom number in South Kesteven

Monthly private rental price, annual inflation, June 2024

By how many bedrooms there are in a property, average rents as of June 2024 in South Kesteven were:

  • One bedroom: £534
  • Two bedrooms: £703
  • Three bedrooms: £853
  • Four or more bedrooms: £1,262

Taking the data instead by property type, average rents were:

  • Flats and maisonettes: £599
  • Terraced properties: £775
  • Semi-detached properties: £826
  • Detached properties: £1,045

First-time buyers in South Kesteven paid £227,000 on average in May 2024

The provisional average price paid by first-time buyers was £227,000 in May 2024. This was higher than the revised May 2023 average of £216,000.

First-time buyer house price in South Kesteven compared with the East Midlands

Average house price for first-time buyers in May 2024

In comparison, home-movers in South Kesteven paid an average of £304,000 in May 2024. This was higher than £291,000 a year earlier.

In May 2024, the average price was £277,000 in the East Midlands and £332,000 in Great Britain.

We do not produce figures for first-time buyer prices by type of property. Average house prices by property type for price paid data are available above.

Average house price for mortgage buyers rose in South Kesteven

The average price of a home bought with a mortgage in South Kesteven was £284,000 in May 2024 (provisional). This was higher than an average of £270,000 in May 2023 (revised).

Across the East Midlands, the average price of a home bought with a mortgage was £251,000, up from £242,000 a year earlier.

Across Great Britain, the average price for buying with a mortage in May 2024 was £297,000, which was up from an average of £290,000 in May 2023.

Price paid when buying with a mortgage or cash in South Kesteven

Average house price in May 2024

For cash buyers in South Kesteven, the average was £258,000 in May 2024 (provisional), which was up from a revised figure of £248,000 a year earlier.

In May 2024, the average was £235,000 in the East Midlands and £270,000 in Great Britain.

More data about South Kesteven

Explore more local data for South Kesteven.

More data on the housing market

This article is regularly updated with the most recent rents and house prices information. The full time series for rental prices can be found in our associated data releases. The full time series for house prices can be found in the UK House Price Index reports on gov.uk.

You can also read our most recent Private rent and house prices bulletin.

The methods used to produce the rental prices can be found in the Price Index of Private Rents Quality and Methodology Information. The methods used to produce the house prices can be found in the House Price Index Quality and Methodology Information.

About this article

The content in this article is generated using semi-automated journalism, based on rules pre-programmed by Office for National Statistics (ONS) staff.

This is a new product in Beta release, intended to improve the accessibility of housing market data at local level. Send us feedback about this page or contact the housing analysis team by emailing hpi@ons.gov.uk.

Articles are not available for Isles of Scilly and City of London, as the survey samples of the resident population are too small.

We will add Northern Ireland data to this tool following the release of more granular private rent price statistics for Northern Ireland, which we aim to do in March 2025.

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