Cheapside - LA1 1LY
Key Postcode Insights
LA1 1LY is a residential postcode situated on Cheapside, Lancaster, LA1 with 2 addresses.
It ranks as the 97th largest and 725th most expensive of the 1,698 postcodes in the LA1 area.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £202,584
- 10 Year change
- up 34.7%
- Ave. Rental Price
- £943pcm
- 10 Year change
- up 50.3%
- Ave. £ per ft²
- £197/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Key Postcode Insights
LA1 1LY is a residential postcode situated on Cheapside, Lancaster, LA1 with 2 addresses.
It ranks as the 97th largest and 725th most expensive of the 1,698 postcodes in the LA1 area.
The postcode contains a total of 2 properties: 2 houses.
- Ave. Sale Price
- £202,584
- 10 Year change
- up 34.7%
- Ave. Rental Price
- £943pcm
- 10 Year change
- up 50.3%
- Ave. £ per ft²
- £197/ft²
- Ave. Gross Yield
- 5.6%/year/yr
Sales Market Trends
The last sale in LA1 1LY sold for £69,000 on 1st September 2022. Since then prices are down an average of 0.0%.
The current average value in the postcode is £202,584.
The LA1 1LY Sales Market has increased by 34.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.7% | £202,584 |
| June 2025 | 2.4% | £204,089 |
| June 2024 | 1.4% | £199,308 |
| June 2023 | 1.9% | £196,465 |
| June 2022 | 10.9% | £192,837 |
| June 2021 | 7.1% | £173,956 |
| June 2020 | 2.4% | £162,422 |
| June 2019 | 1.6% | £158,632 |
| June 2018 | 0.9% | £156,151 |
| June 2017 | 2.9% | £154,709 |
| June 2016 | 2.4% | £150,346 |
| June 2015 | 2.5% | £146,871 |
| June 2014 | 2.8% | £143,263 |
| June 2013 | 1.2% | £139,310 |
| June 2012 | -0.5% | £137,702 |
| June 2011 | -1.4% | £138,371 |
| June 2010 | 8% | £140,269 |
| June 2009 | -10% | £129,823 |
| June 2008 | 0.4% | £144,191 |
| June 2007 | 0% | £143,626 |
Rental Market Trends
The current average rental value in the postcode is £943.
The LA1 1LY Rental Market has increased by 50.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.1% | £943pcm |
| June 2025 | 4.8% | £914pcm |
| June 2024 | 10.6% | £872pcm |
| June 2023 | 4.8% | £789pcm |
| June 2022 | 10.1% | £753pcm |
| June 2021 | 2.5% | £684pcm |
| June 2020 | 2% | £667pcm |
| June 2019 | 3.5% | £655pcm |
| June 2018 | 0.7% | £633pcm |
| June 2017 | 0.1% | £628pcm |
| June 2016 | 1.8% | £627pcm |
| June 2015 | -0.1% | £616pcm |
| June 2014 | 1.4% | £617pcm |
| June 2013 | 0.9% | £608pcm |
| June 2012 | 0.5% | £603pcm |
| June 2011 | 1.1% | £600pcm |
| June 2010 | 6.6% | £593pcm |
| June 2009 | -1% | £556pcm |
| June 2008 | 3.8% | £562pcm |
| June 2007 | 0% | £541pcm |
Sales History
The last sale was on 1st September 2022 for £69,000 and since then the market in the area has remained stable. The postcode has had a total of 1 sale since 1995.
LA1 1LY has seen no sales in the last three years and no sales in the last twelve months.
Nearby Postcodes
LA1 1LY is the 97th largest and the 725th most expensive postcode out of the 1,698 postcodes in the LA1 area.
- LA1 1ND, Ashton Walk, Lancaster, LA1LA1 1ND4 Addresses|18 m away
- LA1 1NB, Lancaster Gate, Lancaster, LA1LA1 1NB2 Addresses|32 m away
- LA1 1LZ, Cheapside, Lancaster, LA1LA1 1LZ3 Addresses|36 m away
- LA1 1NF, Rendsburg Way, Lancaster, LA1LA1 1NF1 Addresses|36 m away
- LA1 1NE, Perpignan Way, Lancaster, LA1LA1 1NE2 Addresses|55 m away
Property Types
- 2 other addresses of unknown type
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 0 properties.
- The most common rating is no_epc_ratings.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (0)
- No EPC (2)
Schools Nearby
- Lancaster Dallas Road Community Primary School400 m away
- The Cathedral Catholic Primary School, Lancaster500 m away
- Castle View Primary Academy1.0 km away
- Lancaster Girls' Grammar School500 m away
- Lancaster Royal Grammar School600 m away
- Our Lady's Catholic College700 m away
More reading links
Public Transport Nearby
The closest station to LA1 1LY is Lancaster station, which is 600 metres away.
- Lancaster|600 m away
- Bare Lane|3.8 km away
- Morecambe|5.2 km away
- Heysham Port|7.6 km away