Average Price for property in Melrose Street, Lancaster, LA1 is around £109,727 e.g. average price for terraced house is around 109,727. Values have been changing and have risen £13 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £310 in last 6 months, £3,620 in last 1 year, £7,819 in last 2 years, £9,677 in last 3 years, £8,856 in last 4 years and £4,519 in last 5 years.
Currently average asking price of a property in Melrose Street, Lancaster, LA1 is around £165,270 based on approximately 2 properties for sale. Same is the case with rental options based on 98 properties up for rent, average asking rent is around £544 per month.
Estimated property value in Melrose Street, Lancaster, LA1 is £109,727. Average asking price is £165,270 while average price paid is £113,190 which is up by £3,620 and Avg. asking rent £544.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 Melrose Street, Lancaster, LA1 area. In last 1 year alone average price buyer paid is around £113,190 based on approximately 2 sales in Melrose Street, Lancaster, LA1 area alone. If you compare it to last 3 years sales of 5 properties where buyers paid around £101,476. 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 £99,508 for 10 and average amount paid for purchase of approx. 15 properties sold in last 7 years comes to about £96,055 per sale.