Market outlook for LA1
Key indicators for buyers
The LA1 market is moderately favourable for buyers. Prices are rising at 17.0%, which may favour acting sooner rather than later. Affordability has improved from a peak of 6.4x in 2021 to 5.8x today. Rising rents (£799/mo, +6.3%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Lancaster area
A home in Lancaster costs 5.8x the local median salary — moderate, improving from a peak of 6.4x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Lancaster area
Average monthly rent in Lancaster is £799, up 6.3% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Lancaster price of £253,416 with a 25% deposit (£63k), a 2-year fixed mortgage at 3.97% costs around £1,000 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses LA1 avg. price with Lancaster rental data
Monthly mortgage payments (£1,000) are £201 more than renting (£799). However, buying requires an upfront deposit of £63k — it would take around 13 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
47, NOEL ROAD LA1 2LZ | Semi-detached | £202,000 | 19 Jan 2026 |
8, AVONDALE ROAD LA1 4BY | Terraced | £178,000 | 15 Jan 2026 |
44, WESTBOURNE ROAD LA1 5DX | Semi-detached | £400,000 | 15 Jan 2026 |
18, ULSTER ROAD LA1 4AH | Terraced | £190,000 | 15 Jan 2026 |
39, TOLL BAR CRESCENT LA1 4NR | Semi-detached | £336,000 | 14 Jan 2026 |
11, ROSEBERY AVENUE LA1 4DJ | Terraced | £215,000 | 12 Jan 2026 |
FLAT 43, EQUITABLE HOUSE, SULYARD STREET LA1 1PX | Flat/Maisonette |
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
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.