63, MAIN ROAD, GALGATE, LANCASTER, LA2 0JW - £110,000

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.

63 MAIN ROAD is a very small terraced house of 60m², built sometime before 1900, which could now be worth an estimated £115,192. It was last sold for £110,000 in July 2022, which was around 33% below the average July 2022 terraced price in the Lancaster local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

63 MAIN ROAD Sold Prices

Land registry data shows two sales for 63 MAIN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Both of the two 63 MAIN ROAD sales 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
2022 1 JUL	£110,000	£163,524	33% below HPI
2012 20 JUL	£65,000	£111,146	42% below HPI

63 MAIN ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lancaster local authority area over time, sourced from the HPI. The two 63 MAIN ROAD sales from July 2012 and July 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 July 2012 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the July 2022 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 63 MAIN ROAD be worth now?

63 MAIN ROAD might now be worth an estimated £115,192.

This is based on house price inflation of 4.7%, between July 2022 and July 2025, for terraced 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 4.7% inflationary increase is applied to the most recent sale price for 63 MAIN ROAD of £110,000 on 1st July 2022. For the value to have increased from £110,000 to £115,192 over the three years to July 2025, the following assumptions must hold true:

• The value of 63 MAIN ROAD has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The July 2022 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 63 MAIN ROAD has not materially changed since July 2022.

How Large is 63 MAIN ROAD?

63 MAIN ROAD is 60m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of terraced houses houses in Galgate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Galgate, and where 63 MAIN ROAD lies on this distribution: Less than 1% of terraced houses houses are smaller than 63 MAIN ROAD, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Galgate.

63 MAIN ROAD: Plot and Title Map

63 MAIN ROAD sits on a plot of roughly 0.017 of an acre, or 67m². The below map shows the location of 63 MAIN ROAD, 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 63 MAIN ROAD). 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 63 MAIN ROAD?

63 MAIN ROAD is located in GALGATE, in the LA2 postcode district. The below map shows the position of No. 63 on MAIN ROAD.