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House Prices in LA2 House Prices in LA2 (Lancaster)

The average house price in LA2 (Lancaster) is £245,222 using HM Land Registry data.

The average property price increased by £66,712 (24.64%) over the last 5 years and increased by £13,367 (3.75%) over the last 12 months.

Over the last year, there were 228 residential property sales – a decrease of 66 transactions (-28.95%) relative to the previous year. The majority of house sales (60) were in the £234,000 - £318,000 range. Then came properties in the £150,000 - £234,000 range, where 57 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 69 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,194 (-4%).

In Dec 24, there were 21 new estate agency instructions, 16 agreed home sales and 19 property price reductions.

Nearby Postcodes: BB1, BB12, BB18, BB2, BB6, BB7, BB9, BD20, BD23, BD24, CA10, CA11, CA12, CA17, CA18, CA19, CA20, DL8, FY6, HG3, LA1, LA10, LA11, LA12, LA13, LA14, LA15, LA16, LA17, LA18, LA19, LA20, LA21, LA22, LA23, LA3, LA4, LA5, LA6, LA7, LA8, LS21, LS29, PR2, PR3, PR4

5-Year Average Property Prices in LA2 (Lancaster)

24.64%

Property prices in Lancaster increased by 24.64% 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 LA2 (Lancaster) Over the Last Year

3.75%

Property prices in Lancaster increased by 3.75% 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 LA2 (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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 LA2 (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 LA2 (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 LA2 (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 LA2 (Lancaster) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LA2 postcode area since 1995.

Recent Sales in LA2 (Lancaster)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
Haberfield, Old Moor Road, Wennington, Lancaster, Lancashire, LA2 8PD£795,000£765,000-£30,00027 Jun 202415 Nov 2024141 Days
34 Springfield Terrace, Bentham, Lancaster, North Yorkshire, LA2 7BB£210,000£200,000-£10,00019 Jun 202405 Nov 2024139 Days
14 Meadowfield, Halton, Lancaster, Lancashire, LA2 6PT£295,000£292,000-£3,00011 Jul 202401 Nov 2024113 Days
11 Wyresdale Crescent, Glasson Dock, Lancaster, Lancashire, LA2 0DL£210,000£208,500-£1,50002 Feb 202401 Nov 2024273 Days
3 Stable Yard Cottages, Dolphinholme, Lancaster, Lancashire, LA2 9BU£184,950£178,000-£6,95017 Jun 202431 Oct 2024136 Days
15 Croft Avenue, Slyne, Lancaster, Lancashire, LA2 6JJ£185,000£185,000£0001 May 202430 Oct 2024182 Days
8 Wharfedale, Galgate, Lancaster, Lancashire, LA2 0RS£238,000£227,500-£10,50013 Feb 202421 Oct 2024251 Days
1 John Street, Galgate, Lancaster, Lancashire, LA2 0JX£225,000£221,000-£4,00010 May 202418 Oct 2024161 Days
7 Oak Drive, Halton, Lancaster, Lancashire, LA2 6QJ£275,000£275,000£0011 Jun 202414 Oct 2024125 Days
1 Hillside Road, Lower Bentham, Lancaster, North Yorkshire, LA2 7EN£195,000£186,000-£9,00028 Jun 202407 Oct 2024101 Days
33 Croft Avenue, Slyne, Lancaster, Lancashire, LA2 6JJ£240,000£240,000£0019 Jun 202427 Sep 2024100 Days
34 Arden Close, Slyne, Lancaster, Lancashire, LA2 6JN£99,950£99,950£0013 Jun 202427 Sep 2024106 Days
31 Hatlex Lane, Hest Bank, Lancaster, Lancashire, LA2 6EZ£549,950£535,000-£14,95019 Apr 202422 Aug 2024125 Days
2 Kirk Beck Close, Brookhouse, Lancaster, Lancashire, LA2 9JN£340,000£340,000£0019 Feb 202416 Aug 2024179 Days
51 Hornby Road, Caton, Lancaster, Lancashire, LA2 9QR£260,000£260,000£0002 Feb 202416 Aug 2024196 Days
2 Rockmjock, Caton, Lancaster, Lancashire, LA2 9QB£227,500£205,000-£22,50009 May 202402 Aug 202485 Days
1 Quernmore Drive, Glasson Dock, Lancaster, Lancashire, LA2 0DN£220,000£210,000-£10,00030 Oct 202331 Jul 2024275 Days
21 Croft Avenue, Slyne, Lancaster, Lancashire, LA2 6JJ£200,000£185,000-£15,00029 Mar 201922 Jul 20241942 Days
15 Bay View Avenue, Slyne, Lancaster, Lancashire, LA2 6JR£289,950£287,500-£2,45022 Jan 202412 Jul 2024172 Days
46 School House Lane, Halton, Lancaster, Lancashire, LA2 6QX£275,000£265,000-£10,00027 Dec 202302 Jul 2024188 Days

Most Expensive Streets in LA2 (Lancaster)

PostcodeStreetAreaAverageNo. of Sales
LA2 6HXProspect Drive, Hest BankLancaster£805,0003
LA2 8AQEldroth, AustwickLancaster£723,3333
LA2 8NNWenningtonLancaster£710,0003
LA2 0PGBurrow Heights LaneLancaster£642,8577
LA2 0HPBay HorseLancaster£639,0005
LA2 6EYAshworth Drive, Hest BankLancaster£603,3333
LA2 6RLKirkby Lonsdale Road, HaltonLancaster£603,3333
LA2 8LUAughtonLancaster£592,3333
LA2 6ETHatlex Hill, Hest BankLancaster£585,8336
LA2 8PRTathamLancaster£561,5003

Least Expensive Streets in LA2 (Lancaster)

PostcodeStreetAreaAverageNo. of Sales
LA2 0PRMill Cottages, Chapel LaneLancaster£94,60689
LA2 7HRJubilee Buildings, Main Street, BenthamLancaster£106,8217
LA2 9QLStation Court, Station RoadLancaster£109,1663
LA2 0JWMain Road, GalgateLancaster£118,58312
LA2 0LLSalford Road, GalgateLancaster£119,3288
LA2 0JPChapel Street, GalgateLancaster£125,0004
LA2 7HGKing Street, BenthamLancaster£125,0004
LA2 7LPMayfield Road, BenthamLancaster£127,8333
LA2 0JRChapel Street, GalgateLancaster£128,5628
LA2 7JHBanks Way, BenthamLancaster£128,9005

Explore LA2 (Lancaster) using map

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