3, NEWMARKET AVENUE, LANCASTER, LA1 4NG - £325,000

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.

3 NEWMARKET AVENUE is a very small extended detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £422,538. It was last sold for £325,000 in September 2019, which was around 26% above the average September 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

3 NEWMARKET AVENUE Sold Prices

Land registry data shows two sales for 3 NEWMARKET 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 3 NEWMARKET 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
2019 12 SEP	£325,000	£256,920	26% above HPI
2014 18 JUL	£236,000	£224,793	5% above HPI

3 NEWMARKET 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 3 NEWMARKET AVENUE sales from July 2014 and September 2019 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 July 2014 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the September 2019 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 3 NEWMARKET AVENUE be worth now?

3 NEWMARKET AVENUE might now be worth an estimated £422,538.

This is based on house price inflation of 30%, between September 2019 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 30% inflationary increase is applied to the most recent sale price for 3 NEWMARKET AVENUE of £325,000 on 12th September 2019. For the value to have increased from £325,000 to £422,538 over the six years and seven months to February 2025, the following assumptions must hold true:

• The value of 3 NEWMARKET AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NEWMARKET AVENUE has not materially changed since September 2019.

How Large is 3 NEWMARKET AVENUE?

3 NEWMARKET AVENUE is 73m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% 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 3 NEWMARKET AVENUE lies on this distribution: 5% of detached houses houses are smaller than 3 NEWMARKET AVENUE, and 95% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 NEWMARKET AVENUE: Plot and Title Map

3 NEWMARKET AVENUE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 3 NEWMARKET 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 3 NEWMARKET 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 3 NEWMARKET AVENUE?

3 NEWMARKET AVENUE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 3 on NEWMARKET AVENUE.