4, PROSPECT AVENUE, HEST BANK, LANCASTER, LA2 6HY - £445,000

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.

4 PROSPECT AVENUE is a very small detached house of 92m², built sometime between 1930 and 1949, which could now be worth an estimated £466,550. It was last sold for £445,000 in August 2022, which was around 40% above the average August 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was C.

4 PROSPECT AVENUE Sold Prices

Land registry data shows two sales for 4 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 4 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
2022 26 AUG	£445,000	£318,597	40% above HPI
2018 31 AUG	£283,000	£252,539	12% above HPI

4 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 4 PROSPECT AVENUE sales from August 2018 and August 2022 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 2018 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2022 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 4 PROSPECT AVENUE be worth now?

4 PROSPECT AVENUE might now be worth an estimated £466,550.

This is based on house price inflation of 4.8%, between August 2022 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 4.8% inflationary increase is applied to the most recent sale price for 4 PROSPECT AVENUE of £445,000 on 26th August 2022. For the value to have increased from £445,000 to £466,550 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 4 PROSPECT AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2022 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 4 PROSPECT AVENUE has not materially changed since August 2022.

How Large is 4 PROSPECT AVENUE?

4 PROSPECT AVENUE is 92m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% 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 4 PROSPECT AVENUE lies on this distribution: 19% of detached houses houses are smaller than 4 PROSPECT AVENUE, and 81% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

4 PROSPECT AVENUE: Plot and Title Map

4 PROSPECT AVENUE sits on a plot of roughly 0.102 of an acre, or 412m². The below map shows the location of 4 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 4 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 4 PROSPECT AVENUE?

4 PROSPECT AVENUE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 4 on PROSPECT AVENUE.