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House Prices in LA1 House Prices in LA1 (Lancaster)

The average house price in LA1 (Lancaster) is £196,213 using HM Land Registry data.

The average property price increased by £44,175 (33.49%) over the last 5 years and increased by £8,851 (4.81%) over the last 12 months.

Over the last year, there were 537 residential property sales – a decrease of 211 transactions (-39.29%) relative to the previous year. The majority of house sales (141) were in the £100,000 - £150,000 range. Then came properties in the £150,000 - £200,000 range, where 133 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 103 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,460 (-4%).

In Dec 24, there were 74 new estate agency instructions, 43 agreed home sales and 43 property price reductions.

Nearby Postcodes: BB7, BD23, BD24, CA10, CA11, CA12, CA17, CA18, CA19, CA20, DL8, LA10, LA11, LA12, LA13, LA14, LA15, LA16, LA17, LA18, LA19, LA2, LA20, LA21, LA22, LA23, LA3, LA4, LA5, LA6, LA7, LA8, PR3

5-Year Average Property Prices in LA1 (Lancaster)

33.49%

Property prices in Lancaster increased by 33.49% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LA1 (Lancaster) Over the Last Year

4.81%

Property prices in Lancaster increased by 4.81% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for LA1 (Lancaster) - Dec 24

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LA1 (Lancaster)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LA1 (Lancaster)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LA1 (Lancaster)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LA1 (Lancaster) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LA1 postcode area since 1995.

Recent Sales in LA1 (Lancaster)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
37 Perth Street, Lancaster, Lancashire, LA1 3DR£145,000£145,000£0030 Aug 202425 Nov 202487 Days
52 Spinners Court, Lancaster, Lancashire, LA1 1RY£75,000£75,000£0007 Aug 202418 Nov 2024103 Days
5 Bond Street, Lancaster, Lancashire, LA1 3ER£144,950£140,000-£4,95029 Jul 202415 Nov 2024109 Days
25 Alfred Street, Lancaster, Lancashire, LA1 1QN£184,950£172,500-£12,45024 Jun 202415 Nov 2024144 Days
23 Clare Road, Lancaster, Lancashire, LA1 2LX£200,000£200,000£0017 May 202413 Nov 2024180 Days
35 Sycamore Grove, Lancaster, Lancashire, LA1 5RR£90,000£50,000-£40,00013 Apr 201608 Nov 20243131 Days
36 Rossall Road, Lancaster, Lancashire, LA1 5HQ£220,000£215,000-£5,00007 Aug 202401 Nov 202486 Days
26 Alderley Heights, Lancaster, Lancashire, LA1 2HR£240,000£235,000-£5,00028 Jun 202401 Nov 2024126 Days
67 Sycamore Grove, Lancaster, Lancashire, LA1 5RS£157,000£152,000-£5,00003 May 202401 Nov 2024182 Days
17 Jackson Close, Lancaster, Lancashire, LA1 5EY£365,000£360,000-£5,00003 May 202431 Oct 2024181 Days
20 Gleneagles Drive, Lancaster, Lancashire, LA1 3RP£295,000£290,000-£5,00024 Apr 202430 Oct 2024189 Days
8 Wharfedale Road, Lancaster, Lancashire, LA1 5ND£175,000£165,000-£10,00005 Jul 202430 Oct 2024117 Days
26 Park Road, Lancaster, Lancashire, LA1 3EJ£185,000£175,000-£10,00016 May 202425 Oct 2024162 Days
7 Samuels Court, Lancaster, Lancashire, LA1 3QX£170,000£170,000£0029 May 202425 Oct 2024149 Days
36 Vincent Street, Lancaster, Lancashire, LA1 3BA£160,000£155,160-£4,84009 Feb 202419 Aug 2024192 Days
Flat 2, Highmount House, High Street, Lancaster, Lancashire, LA1 1LA£135,000£130,000-£5,00011 Oct 202319 Aug 2024313 Days
19 Standen Park House, Lancaster, Lancashire, LA1 3FF£425,000£410,000-£15,00006 Jun 202319 Aug 2024440 Days
2 Alderley Heights, Lancaster, Lancashire, LA1 2HR£230,000£225,000-£5,00019 May 202419 Aug 202492 Days
5 Hartington Street, Lancaster, Lancashire, LA1 3EW£160,000£156,000-£4,00022 Feb 202416 Aug 2024176 Days
8 Bay Horse Drive, Lancaster, Lancashire, LA1 4LA£330,000£315,000-£15,00012 Mar 202416 Aug 2024157 Days

Most Expensive Streets in LA1 (Lancaster)

PostcodeStreetAreaAverageNo. of Sales
LA1 5BJHaverbreaks RoadLancaster£696,0006
LA1 1YQCastle ParkLancaster£581,4287
LA1 5FRLindbergh AvenueLancaster£565,6504
LA1 5EFWestbourne RoadLancaster£560,0003
LA1 5AUCraiglands Court, AldcliffeLancaster£538,3333
LA1 5EEWestbourne DriveLancaster£527,0505
LA1 4XPBailrigg Lane, BailriggLancaster£510,2374
LA1 5BWMarlton WayLancaster£481,6663
LA1 4TYBelle Vue TerraceLancaster£446,6663
LA1 3FFStanden Park HouseLancaster£436,13111

Least Expensive Streets in LA1 (Lancaster)

PostcodeStreetAreaAverageNo. of Sales
LA1 1YDThurnham StreetLancaster£50,0004
LA1 2BAFrankland House, MainwayLancaster£56,6663
LA1 1FDSt Leonards Court, Alfred Street, LancasterLancaster£67,67814
LA1 3HXMonthall RiseLancaster£67,9927
LA1 3HUHerlebeck RiseLancaster£74,7857
LA1 3LHKeswick CourtLancaster£76,2504
LA1 1BXDiana Court, Henry Street, LancasterLancaster£80,8754
LA1 1BEWheatfield CourtLancaster£81,1666
LA1 1RYSpinners CourtLancaster£83,09521
LA1 2QZRyelands RoadLancaster£83,1663

Explore LA1 (Lancaster) using map

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