Area Guide For Lancashire

Manchester is a city and metropolitan borough in Greater Manchester, England with an estimated population of 498,800 in 2010. Manchester lies within one of the United Kingdom's largest urban areas; the Greater Manchester Urban Area which has a population of 2.2 million. The demonym of Manchester is Mancunian and the local authority is Manchester City Council. Manchester is situated in the south-central part of North West England, fringed by the Cheshire Plain to the south and the Pennines to the north and east. The recorded history of Manchester began with the civilian settlement associated with the Roman fort of Mamucium, which was established in c. 79 AD on a sandstone bluff near the confluence of the rivers Medlock and Irwell. Historically, most of the city was a part of Lancashire, although areas south of the River Mersey were in Cheshire. Throughout the Middle Ages Manchester remained a manorial township, but it began to expand "at an astonishing rate" around the turn of the 19th century. Manchester's unplanned urbanisation was brought on by a boom in textile manufacture during the Industrial Revolution, and resulted in it becoming the world's first


Lancashire Map

Estimated Price: £159,216
Average Asking Price: £191,739
Price change in last one year: £9,835
Average Price Paid: £144,089
Average Rent Rates: £618


Property Prices Breakdown in Lancashire

Average Price for property in Lancashire is around £159,216 which varies based on type of property you are interested in and ranges from £276,917 for detached house to around £155,097 for semi-detached. Similarly terraced house is around £102,780 and a flat is worth £120,604. Values have been changing and have risen £935 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,009 in last 6 months, £9,835 in last 1 year, £15,698 in last 2 years, £17,001 in last 3 years, £13,083 in last 4 years and £11,443 in last 5 years.

Currently average asking price of a property in Lancashire is around £191,739 based on approximately 17,177 properties for sale. Same is the case with rental options based on 3,197 properties up for rent, average asking rent is around £618 per month.

Estimated property value in Lancashire is £159,216. Average asking price is £191,739 while average price paid is £146,641 which is up by £9,835 and Avg. asking rent £618.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lancashire area. In last 1 year alone average price buyer paid is around £146,641 based on approximately 17,177 sales in Lancashire area alone. If you compare it to last 3 years sales of 49,748 properties where buyers paid around £144,387. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £144,089 for 80,425 and average amount paid for purchase of approx. 111,941 properties sold in last 7 years comes to about £144,125 per sale.


Properties For Sale in Lancashire


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £102,401, £108,382 for a 2 bedroom house, £155,792 for a 3 bedroom house, £281,280 for a 4 bedroom house and £447,737 for a 5 bedroom house. For a flat similarly the prices varies from £79,084 for a single bedroom to £115,628 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £160,944, £204,994 for a 4 bedroom flat and £232,480 for a 5 bedroom flat. To sum up the asking prices for properties in Lancashire it comes to around average £86,032 for 1 bedroom property, £109,780 for 2 bedroom, £155,868 for 3 bedroom, £281,058 for 4 bedroom and £446,325 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £421 for 1 bedroom to £451 for 2 bedrooms, £575 for 3 bedrooms, £852 for 4 bedrooms and £1,189 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £402. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £515, £684 for 3 bedroom, £1,203 for 4 bedroom and around £1,305 for 5 bedroom flat. You should be generally be expecting around average £405 rent per month for single bedroom property, £474 for 2 bedroom, £583 for 3 bedroom, £881 for 4 bedroom and approximately £1,196 for a 5 bedroom property in Lancashire area.

Popular Houses in Lancashire

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Sold Properties in Lancashire

Areas in and around Lancashire