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House Prices in LA1 House Prices in LA1 (Lancaster)

The average house price in LA1 (Lancaster) is £178,961 using HM Land Registry data.

The average property price increased by £48,563 (33.49%) over the last 5 years and increased by £9,731 (4.81%) over the last 12 months.

Over the last year, there were 527 residential property sales – a decrease of 209 transactions (-39.66%) relative to the previous year. The majority of house sales (137) were in the £100,000 - £150,000 range. Then came properties in the £150,000 - £200,000 range, where 134 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 £-7,774 (-3%).

In Oct 24, there were 104 new estate agency instructions, 108 agreed home sales and 87 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) - Oct 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 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
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
60 The Colonnade, Lancaster, Lancashire, LA1 3FP£167,000£162,000-£5,00014 Dec 202315 Aug 2024245 Days
75 Fife Street, Lancaster, Lancashire, LA1 5TT£140,000£140,000£0031 Jan 202413 Aug 2024195 Days
90 Lymm Avenue, Lancaster, Lancashire, LA1 5HR£240,000£240,000£0025 Apr 202409 Aug 2024106 Days
15 Edenvale Crescent, Lancaster, Lancashire, LA1 2NW£180,000£180,000£0024 Oct 202309 Aug 2024290 Days
21 Lancambe Court, Lancaster, Lancashire, LA1 5TG£114,950£113,000-£1,95011 Mar 202401 Aug 2024143 Days
94 Dorrington Road, Lancaster, Lancashire, LA1 4TD£175,000£155,000-£20,00026 Mar 202431 Jul 2024127 Days
7 Hoghton Close, Lancaster, Lancashire, LA1 5UF£400,000£380,000-£20,00002 Apr 202425 Jul 2024114 Days
40 Chester Place, Lancaster, Lancashire, LA1 4HA£240,000£235,000-£5,00028 Mar 202422 Jul 2024116 Days
58 Williamson Road, Lancaster, Lancashire, LA1 3QA£140,000£130,000-£10,00006 Apr 202418 Jul 2024103 Days
4 Winchester Avenue, Lancaster, Lancashire, LA1 4HX£170,000£100,000-£70,00028 Feb 201718 Jul 20242697 Days
97 Dorrington Road, Lancaster, Lancashire, LA1 4TB£150,000£140,000-£10,00019 Oct 202317 Jul 2024272 Days
5 Hutton Way, Lancaster, Lancashire, LA1 5SQ£165,000£165,000£0021 Feb 202412 Jul 2024142 Days
23 Ushers Meadow, Lancaster, Lancashire, LA1 1FB£90,000£90,000£0008 Apr 202412 Jul 202495 Days
24 Charles Street, Lancaster, Lancashire, LA1 4UU£175,000£173,000-£2,00009 Apr 202412 Jul 202494 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£529,4163
LA1 4XPBailrigg Lane, BailriggLancaster£510,2374
LA1 4TYBelle Vue TerraceLancaster£446,6663
LA1 5BWMarlton WayLancaster£445,6254
LA1 3AQMeadowsideLancaster£433,3333

Least Expensive Streets in LA1 (Lancaster)

PostcodeStreetAreaAverageNo. of Sales
LA1 1YDThurnham StreetLancaster£50,0004
LA1 2BAFrankland House, MainwayLancaster£56,6663
LA1 1GEAlbion MewsLancaster£56,8333
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 2DPAlexandra RoadLancaster£80,7508
LA1 1BXDiana Court, Henry Street, LancasterLancaster£80,8754
LA1 1RYSpinners CourtLancaster£81,00020

Explore LA1 (Lancaster) using map

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