Average Price for property in Lancaster is around £180,319 which varies based on type of property you are interested in and ranges from £323,601 for detached house to around £170,645 for semi-detached. Similarly terraced house is around £138,247 and a flat is worth £122,188. Values have been changing and have risen £977 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £603 in last 6 months, £10,759 in last 1 year, £14,101 in last 2 years, £20,781 in last 3 years, £14,181 in last 4 years and £11,341 in last 5 years.
Currently average asking price of a property in Lancaster is around £221,839 based on approximately 969 properties for sale. Same is the case with rental options based on 110 properties up for rent, average asking rent is around £556 per month.
Estimated property value in Lancaster is £180,319. Average asking price is £221,839 while average price paid is £167,181 which is up by £10,759 and Avg. asking rent £556.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 Lancaster area. In last 1 year alone average price buyer paid is around £167,181 based on approximately 969 sales in Lancaster area alone. If you compare it to last 3 years sales of 2,714 properties where buyers paid around £165,121. 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 £165,661 for 4,463 and average amount paid for purchase of approx. 6,107 properties sold in last 7 years comes to about £163,522 per sale.