38, GARFIELD AVENUE, LANCASTER, LA1 5ET - £242,000

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.

38 GARFIELD AVENUE is a small extended detached house of 98m², built sometime between 1976 and 1982, which could now be worth an estimated £338,082. It was last sold for £242,000 in September 2017, which was around 1% above the average September 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

38 GARFIELD AVENUE Sold Prices

Land registry data shows four sales for 38 GARFIELD AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. two of the four 38 GARFIELD AVENUE sales were for above the average price, and four 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
2017 15 SEP	£242,000	£239,097	1% above HPI
2014 30 MAY	£242,500	£220,139	10% above HPI
2012 17 AUG	£175,000	£217,380	19% below HPI
2004 14 APR	£155,000	£174,803	11% below HPI

38 GARFIELD 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 four 38 GARFIELD AVENUE sales between April 2004 and September 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 May 2014 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the September 2017 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 38 GARFIELD AVENUE be worth now?

38 GARFIELD AVENUE might now be worth an estimated £338,082.

This is based on house price inflation of 39.7%, between September 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 39.7% inflationary increase is applied to the most recent sale price for 38 GARFIELD AVENUE of £242,000 on 15th September 2017. For the value to have increased from £242,000 to £338,082 over the eight years and seven months to February 2025, the following assumptions must hold true:

• The value of 38 GARFIELD AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2017 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of 38 GARFIELD AVENUE has not materially changed since September 2017.

How Large is 38 GARFIELD AVENUE?

38 GARFIELD AVENUE is 98m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% 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 38 GARFIELD AVENUE lies on this distribution: 22% of detached houses houses are smaller than 38 GARFIELD AVENUE, and 77% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

38 GARFIELD AVENUE: Plot and Title Map

38 GARFIELD AVENUE sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 38 GARFIELD 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 38 GARFIELD 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 38 GARFIELD AVENUE?

38 GARFIELD AVENUE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 38 on GARFIELD AVENUE.