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House Prices in LA2

The average house price in LA2 (Lancaster) is £314,990 using HM Land Registry data.

The average property price increased by £80,675 (24.64%) over the last 5 years and increased by £16,128 (3.75%) over the last 12 months.

Over the last year, there were 207 residential property sales – a decrease of 162 transactions (-78.26%) relative to the previous year. The majority of house sales (53) were in the £246,000 - £332,000 range. Then came properties in the £160,000 - £246,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,285 (-4%).

In June 2024, there were 82 new estate agency instructions, 50 agreed home sales and 32 property price reductions.

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.

Property Market Heat Gauge for LA2 (Lancaster) - June 2024

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Fell View, Caton, Lancaster, Lancashire, LA2 9RB	£225,000	£225,000	£00	05 Jun 2023	26 Apr 2024	326 Days
1 Haylot Drive, Halton, Lancaster, Lancashire, LA2 6NW	£195,000	£178,000	-£17,000	22 Nov 2023	28 Mar 2024	127 Days
13 Penny Stone Road, Halton, Lancaster, Lancashire, LA2 6QE	£194,000	£190,000	-£4,000	12 Oct 2023	15 Mar 2024	155 Days
4 Wyresdale Crescent, Glasson Dock, Lancaster, Lancashire, LA2 0DL	£249,950	£235,000	-£14,950	14 Oct 2023	05 Mar 2024	143 Days
15 Shady Lane, Slyne, Lancaster, Lancashire, LA2 6JL	£255,000	£249,000	-£6,000	15 Jun 2023	04 Mar 2024	263 Days
27 Sykelands Avenue, Halton, Lancaster, Lancashire, LA2 6QF	£265,000	£265,000	£00	16 Nov 2023	04 Mar 2024	109 Days
15 Beech Road, Halton, Lancaster, Lancashire, LA2 6QQ	£275,000	£262,500	-£12,500	24 Jul 2023	04 Mar 2024	224 Days
7 Swaledale, Galgate, Lancaster, Lancashire, LA2 0RL	£250,000	£240,000	-£10,000	08 Nov 2023	29 Feb 2024	113 Days
4 Marsh Lane, Cockerham, Lancaster, Lancashire, LA2 0EJ	£299,950	£299,950	£00	19 Oct 2023	23 Feb 2024	127 Days
7 Ascot Gardens, Slyne, Lancaster, Lancashire, LA2 6JZ	£239,000	£225,000	-£14,000	05 Jul 2023	19 Feb 2024	229 Days
17 Lakeber Avenue, Bentham, Lancaster, North Yorkshire, LA2 7JN	£230,000	£224,000	-£6,000	08 Aug 2023	26 Jan 2024	171 Days
32 Chapel Street, Galgate, Lancaster, Lancashire, LA2 0JR	£159,950	£157,000	-£2,950	18 Sep 2023	26 Jan 2024	130 Days
70 Main Road, Galgate, Lancaster, Lancashire, LA2 0LB	£130,000	£124,000	-£6,000	18 Aug 2023	19 Jan 2024	154 Days
13 Sunningdale Avenue, Hest Bank, Lancaster, Lancashire, LA2 6DD	£450,000	£440,000	-£10,000	09 Aug 2023	18 Jan 2024	162 Days
Beech End, Deer Park Lane, Hornby, Lancaster, Lancashire, LA2 8LF	£650,000	£635,000	-£15,000	01 Sep 2023	18 Jan 2024	139 Days
26 Sykelands Avenue, Halton, Lancaster, Lancashire, LA2 6QF	£280,000	£280,000	£00	04 Aug 2023	12 Jan 2024	161 Days
9 Hest Bank Lane, Hest Bank, Lancaster, Lancashire, LA2 6DN	£289,950	£265,000	-£24,950	07 Sep 2023	12 Jan 2024	127 Days
108 Hest Bank Lane, Slyne, Lancaster, Lancashire, LA2 6AH	£200,000	£170,000	-£30,000	31 Oct 2022	07 Dec 2023	402 Days
28 Salford Road, Galgate, Lancaster, Lancashire, LA2 0LN	£230,000	£225,000	-£5,000	28 Jun 2023	07 Dec 2023	162 Days
2 Mayfield Road, Bentham, Lancaster, North Yorkshire, LA2 7LP	£139,500	£117,500	-£22,000	03 Aug 2023	30 Nov 2023	119 Days

Most Expensive Streets in LA2 (Lancaster)

Postcode	Street	Area	Average	No. of Sales
LA2 6HX	Prospect Drive, Hest Bank	Lancaster	£805,000	3
LA2 8AG	Eldroth, Austwick	Lancaster	£775,983	3
LA2 8AQ	Eldroth, Austwick	Lancaster	£723,333	3
LA2 8NN	Wennington	Lancaster	£710,000	3
LA2 0PG	Burrow Heights Lane	Lancaster	£689,000	5
LA2 0HP	Bay Horse	Lancaster	£639,000	5
LA2 6EY	Ashworth Drive, Hest Bank	Lancaster	£603,333	3
LA2 6RL	Kirkby Lonsdale Road, Halton	Lancaster	£603,333	3
LA2 6ET	Hatlex Hill, Hest Bank	Lancaster	£585,833	6
LA2 8LU	Aughton	Lancaster	£575,500	4

Least Expensive Streets in LA2 (Lancaster)

Postcode	Street	Area	Average	No. of Sales
LA2 0PR	Mill Cottages, Chapel Lane	Lancaster	£94,488	85
LA2 7HR	Jubilee Buildings, Main Street, Bentham	Lancaster	£106,821	7
LA2 9QL	Station Court, Station Road	Lancaster	£109,166	3
LA2 7LP	Mayfield Road, Bentham	Lancaster	£114,000	4
LA2 0LL	Salford Road, Galgate	Lancaster	£115,375	7
LA2 0JW	Main Road, Galgate	Lancaster	£118,583	12
LA2 0JP	Chapel Street, Galgate	Lancaster	£120,666	3
LA2 0LA	Main Road, Galgate	Lancaster	£124,333	3
LA2 7LL	Hillcroft, Bentham	Lancaster	£125,000	3
LA2 7HG	King Street, Bentham	Lancaster	£128,333	3