31, NEWMARKET AVENUE, LANCASTER, LA1 4NQ - £340,000

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.

31 NEWMARKET AVENUE is a midsized extended detached house of 116m², built sometime between 1983 and 1990, which could now be worth an estimated £395,978. It was last sold for £340,000 in September 2021, which was around 19% above the average September 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

31 NEWMARKET AVENUE Sold Prices

Land registry data shows three sales for 31 NEWMARKET AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. One of the three 31 NEWMARKET AVENUE sales was for above the average price, whilst two were for below 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
2021 23 SEP	£340,000	£286,806	19% above HPI
2018 20 SEP	£234,000	£255,150	8% below HPI
2002 31 MAY	£99,500	£107,751	8% below HPI

31 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 three 31 NEWMARKET AVENUE sales between May 2002 and September 2021 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 September 2018 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 31 NEWMARKET AVENUE be worth now?

31 NEWMARKET AVENUE might now be worth an estimated £395,978.

This is based on house price inflation of 16.5%, between September 2021 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 16.5% inflationary increase is applied to the most recent sale price for 31 NEWMARKET AVENUE of £340,000 on 23rd September 2021. For the value to have increased from £340,000 to £395,978 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 31 NEWMARKET AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2021 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of 31 NEWMARKET AVENUE has not materially changed since September 2021.

How Large is 31 NEWMARKET AVENUE?

31 NEWMARKET AVENUE is 116m², which includes three extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 50% 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 31 NEWMARKET AVENUE lies on this distribution: 44% of detached houses houses are smaller than 31 NEWMARKET AVENUE, and 53% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

31 NEWMARKET AVENUE: Plot and Title Map

31 NEWMARKET AVENUE sits on a plot of roughly 0.099 of an acre, or 401m². The below map shows the location of 31 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 31 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 31 NEWMARKET AVENUE?

31 NEWMARKET AVENUE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 31 on NEWMARKET AVENUE.