24, COLCHESTER AVENUE, LANCASTER, LA1 4AX - £285,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

24 COLCHESTER AVENUE is a midsized detached house of 129m², built sometime between 1991 and 1995. It was last sold for £285,000 in November 2014, which was around 23% above the average November 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was C.

24 COLCHESTER AVENUE Sold Prices

Land registry data shows two sales for 24 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 24 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 7 NOV	£285,000	£231,828	23% above HPI
2006 30 JUN	£240,000	£215,598	11% above HPI

24 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 24 COLCHESTER AVENUE sales from June 2006 and November 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 June 2006 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the November 2014 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 24 COLCHESTER AVENUE?

24 COLCHESTER AVENUE is 129m² according to the EPC inspection conducted in February 2014. This puts it in the largest 40% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 24 COLCHESTER AVENUE lies on this distribution: 60% of detached houses are smaller than 24 COLCHESTER AVENUE, and 40% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

24 COLCHESTER AVENUE: Plot and Title Map

24 COLCHESTER AVENUE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 24 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 24 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 24 COLCHESTER AVENUE?

24 COLCHESTER AVENUE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 24 on COLCHESTER AVENUE.