Average Price for property in Lancashire is around £159,216 which varies based on type of property you are interested in and ranges from £276,917 for detached house to around £155,097 for semi-detached. Similarly terraced house is around £102,780 and a flat is worth £120,604. Values have been changing and have risen £935 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £4,009 in last 6 months, £9,835 in last 1 year, £15,698 in last 2 years, £17,001 in last 3 years, £13,083 in last 4 years and £11,443 in last 5 years.
Currently average asking price of a property in Lancashire is around £191,739 based on approximately 17,177 properties for sale. Same is the case with rental options based on 3,197 properties up for rent, average asking rent is around £618 per month.
Estimated property value in Lancashire is £159,216. Average asking price is £191,739 while average price paid is £146,641 which is up by £9,835 and Avg. asking rent £618.Based on an Online Survey
Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Lancashire area. In last 1 year alone average price buyer paid is around £146,641 based on approximately 17,177 sales in Lancashire area alone. If you compare it to last 3 years sales of 49,748 properties where buyers paid around £144,387. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £144,089 for 80,425 and average amount paid for purchase of approx. 111,941 properties sold in last 7 years comes to about £144,125 per sale.