62, GLOUCESTER AVENUE, LANCASTER, LA1 4EF - £198,000

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.

62 GLOUCESTER AVENUE is a small extended semi-detached house of 109m², built sometime between 1930 and 1949, which could now be worth an estimated £326,856. It was last sold for £198,000 in February 2014, which was around 45% above the average February 2014 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was July 2011, where the current energy rating was C, and the potential energy rating was C.

62 GLOUCESTER AVENUE Sold Prices

Land registry data shows three sales for 62 GLOUCESTER AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. Two of the three 62 GLOUCESTER AVENUE sales were for above the average price, whilst one was 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
2014 28 FEB	£198,000	£136,733	45% above HPI
2010 15 OCT	£210,000	£139,261	51% above HPI
2008 14 FEB	£135,000	£148,705	9% below HPI

62 GLOUCESTER AVENUE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lancaster local authority area over time, sourced from the HPI. The three 62 GLOUCESTER AVENUE sales between February 2008 and February 2014 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 October 2010 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the February 2014 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 62 GLOUCESTER AVENUE be worth now?

62 GLOUCESTER AVENUE might now be worth an estimated £326,856.

This is based on house price inflation of 65.1%, between February 2014 and July 2026, for semi-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 65.1% inflationary increase is applied to the most recent sale price for 62 GLOUCESTER AVENUE of £198,000 on 28th February 2014. For the value to have increased from £198,000 to £326,856 over the eleven years and seven months to July 2026, the following assumptions must hold true:

• The value of 62 GLOUCESTER AVENUE has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The February 2014 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 62 GLOUCESTER AVENUE has not materially changed since February 2014.

How Large is 62 GLOUCESTER AVENUE?

62 GLOUCESTER AVENUE is 109m², which includes one extension, according to the EPC inspection conducted in July 2011. This puts it in the smallest 40% of semi-detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lancaster, and where 62 GLOUCESTER AVENUE lies on this distribution: 33% of semi-detached houses houses are smaller than 62 GLOUCESTER AVENUE, and 66% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

62 GLOUCESTER AVENUE: Plot and Title Map

62 GLOUCESTER AVENUE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 62 GLOUCESTER 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 62 GLOUCESTER 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 62 GLOUCESTER AVENUE?

62 GLOUCESTER AVENUE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 62 on GLOUCESTER AVENUE.