3, PROSPECT AVENUE, HEST BANK, LANCASTER, LA2 6HY - £427,500

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.

3 PROSPECT AVENUE is a large extended detached house of 159m², built sometime between 1950 and 1966, which could now be worth an estimated £596,752. It was last sold for £427,500 in August 2017, which was around 79% above the average August 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

3 PROSPECT AVENUE Sold Prices

Land registry data shows two sales for 3 PROSPECT 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 PROSPECT 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
2017 31 AUG	£427,500	£239,289	79% above HPI
2010 26 AUG	£310,000	£221,660	40% above HPI

3 PROSPECT 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 PROSPECT AVENUE sales from August 2010 and August 2017 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 August 2010 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the August 2017 sale, where it rises to 79% above the HPI. The line then continues to track at 79% above the HPI.

What might 3 PROSPECT AVENUE be worth now?

3 PROSPECT AVENUE might now be worth an estimated £596,752.

This is based on house price inflation of 39.6%, between August 2017 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 39.6% inflationary increase is applied to the most recent sale price for 3 PROSPECT AVENUE of £427,500 on 31st August 2017. For the value to have increased from £427,500 to £596,752 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 3 PROSPECT AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2017 sale price of £427,500 represented a fair market value for the property.
• The size, condition, and specification of 3 PROSPECT AVENUE has not materially changed since August 2017.

How Large is 3 PROSPECT AVENUE?

3 PROSPECT AVENUE is 159m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the largest 30% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where 3 PROSPECT AVENUE lies on this distribution: 73% of detached houses houses are smaller than 3 PROSPECT AVENUE, and 26% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

3 PROSPECT AVENUE: Plot and Title Map

3 PROSPECT AVENUE sits on a plot of roughly 0.187 of an acre, or 756m². The below map shows the location of 3 PROSPECT 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 PROSPECT 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 PROSPECT AVENUE?

3 PROSPECT AVENUE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 3 on PROSPECT AVENUE.