Average Price for property in Somerset Avenue, Lancaster, LA1 is around £170,407 e.g. average price for semi-detached is around 170,407. Values have been changing and have risen £19 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £480 in last 6 months, £5,616 in last 1 year, £12,134 in last 2 years, £15,015 in last 3 years, £13,737 in last 4 years and £6,996 in last 5 years.
Currently average asking price of a property in Somerset Avenue, Lancaster, LA1 is around £165,270 based on approximately 1 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 Somerset Avenue, Lancaster, LA1 is £170,407. Average asking price is £165,270 while average price paid is £160,000 which is up by £5,616 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 Somerset Avenue, Lancaster, LA1 area. In last 1 year alone average price buyer paid is around £160,000 based on approximately 1 sales in Somerset Avenue, Lancaster, LA1 area alone. If you compare it to last 3 years sales of 4 properties where buyers paid around £161,750. 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 £157,916 for 6 and average amount paid for purchase of approx. 7 properties sold in last 7 years comes to about £154,071 per sale.