22, COLCHESTER AVENUE, LANCASTER, LA1 4AX - £227,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

22 COLCHESTER AVENUE is a large detached house of 140m², built sometime between 1983 and 1990, which could now be worth an estimated £345,195. It was last sold for £227,500 in May 2014, which was around 3% above the average May 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was C.

22 COLCHESTER AVENUE Sold Prices

Land registry data shows two sales for 22 COLCHESTER AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Both of the two 22 COLCHESTER AVENUE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2014 19 MAY	£227,500	£220,139	3% above HPI
2003 30 MAY	£185,000	£138,021	34% above HPI

22 COLCHESTER AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The two 22 COLCHESTER AVENUE sales from May 2003 and May 2014 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2003 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the May 2014 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 22 COLCHESTER AVENUE be worth now?

22 COLCHESTER AVENUE might now be worth an estimated £345,195.

This is based on house price inflation of 51.7%, between May 2014 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 51.7% inflationary increase is applied to the most recent sale price for 22 COLCHESTER AVENUE of £227,500 on 19th May 2014. For the value to have increased from £227,500 to £345,195 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 22 COLCHESTER AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The May 2014 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 22 COLCHESTER AVENUE has not materially changed since May 2014.

How Large is 22 COLCHESTER AVENUE?

22 COLCHESTER AVENUE is 140m² according to the EPC inspection conducted in January 2013. This puts it in the largest 30% of detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 22 COLCHESTER AVENUE lies on this distribution: 71% of detached houses houses are smaller than 22 COLCHESTER AVENUE, and 29% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

22 COLCHESTER AVENUE: Plot and Title Map

22 COLCHESTER AVENUE sits on a plot of roughly 0.122 of an acre, or 493m². The below map shows the location of 22 COLCHESTER AVENUE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 22 COLCHESTER AVENUE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 22 COLCHESTER AVENUE?

22 COLCHESTER AVENUE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 22 on COLCHESTER AVENUE.