Lancashire

Data from Land Registry, ONS, Bank of England

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Avg. price

£190,273

↑ +4.0% YoY

Affordability

5.53x

↑ price-to-earnings

Avg. rent

N/A

Market outlook for Lancashire

Key indicators for buyers

Prices rising+4.0% YoYMay be harder to negotiate

Affordable5.5xImproving from 6.5x in 2021

Rates favourable3.97%2yr fixed, 75% LTV

Market quiet-6% YoYLess competition

The Lancashire market looks favourable for buyers. Prices are rising at 4.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 6.5x in 2021 to 5.5x today.

Price trends

Average sale prices · HM Land Registry / UK HPI

£190,273

↑ +4.0% YoY

Affordability ratio

House price ÷ median earnings · ONS data

5.53x

price-to-earnings

A home in Lancashire costs 5.5x the local median salary — moderate, improving from a peak of 6.5x in 2021.

Monthly mortgage

2yr fixed · 75% LTV · 25yr term · BoE avg. rate

£751

per month at 3.97%

LTV

Term

Deposit (25%)

£48k

Stamp duty

£0

Based on the average Lancashire price of £190,273 with a 25% deposit (£48k), a 2-year fixed mortgage at 3.97% costs around £751 per month.

Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions