If buying a home in Lancaster is on your radar, now is the time to get to grips with the local property market. Here’s a quick round-up of what you should know.
1. Average property value: The typical Lancaster home is worth around £191,000, according to the most recent Zoopla house price data.
2. Most popular property type: ‘Three-bedroom terrace’ is the most searched-for type of home in Lancaster among Zoopla users.
3. What’s on the market: From one-bedroom starter flats to spacious family homes, here’s what’s for sale in and around Lancaster right now.
A two-bedroom flat in this Grade II-listed building is on the market in Lancaster for £200,000
4. House price movements: Average property values in Lancaster have remained pretty much static in the last 12 months. But prices have risen by around 30% over the last decade.
5. Acceptable offers: Property in Lancaster is currently achieving around 95% of the asking price – worth knowing when making your offer.
6. Market turnover: Lancaster homes take an average of 11 weeks to sell from the day they first hit the market. This is right on the nose of the national average of between 10 and 12 weeks.
Got a micro-area in mind? Draw it out with Zoopla's map search tool for a more targeted property search
7. Getting on the ladder: North Lancaster is generally more affordable than south Lancaster. Try Skerton where you can pick up a two-up, two-down terrace for between £70,000 and £80,000.
8. Roomy budget: Head to Haverbreaks where five-bedroom luxury homes can cost upwards of £600,000.
9. What the local agents say: “There are always buyers in Lancaster because of its hospital and two universities,” says Kim Howarth at Enwistle Green. “And the market is pretty consistent – prices don’t tend to shoot up and they don’t tend to fall either.”
Top end Lancaster: A four-bedroom detached house in the village of Elell, up for sale at £700,000