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

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.

24 COLCHESTER AVENUE is a midsized detached house of 129m², built sometime between 1991 and 1995, which could now be worth an estimated £423,327. It was last sold for £285,000 in November 2014, which was around 27% 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	£224,879	27% above HPI
2006 30 JUN	£240,000	£209,136	15% 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 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the November 2014 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 24 COLCHESTER AVENUE be worth now?

24 COLCHESTER AVENUE might now be worth an estimated £423,327.

This is based on house price inflation of 48.5%, between November 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 48.5% inflationary increase is applied to the most recent sale price for 24 COLCHESTER AVENUE of £285,000 on 7th November 2014. For the value to have increased from £285,000 to £423,327 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 24 COLCHESTER AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2014 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 24 COLCHESTER AVENUE has not materially changed since November 2014.

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 houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 24 COLCHESTER AVENUE lies on this distribution: 60% of detached houses 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.