LA1 4RE is a residential postcode situated on Gressingham Drive, Lancaster, LA1 with 22 addresses.
It ranks as the 768th largest and 734th most expensive of the 1,210 postcodes in the LA1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 22 properties: 22 houses.
LA1 4RE is a residential postcode situated on Gressingham Drive, Lancaster, LA1 with 22 addresses.
It ranks as the 768th largest and 734th most expensive of the 1,210 postcodes in the LA1 area. The dominant property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 22 properties: 22 houses.
Sale prices range from £201,048 for 3 bedroom freehold houses with a garden (893 ft2) to £234,229 for 4 bedroom freehold houses with a garden (1,119 ft2) .
Monthly rental prices range from £958 pcm for 3 bed houses to £1,047 pcm for 4 bed houses.
The gross rental yield is between 5.3% and 5.7%.
The average value per square foot is £225.
The last sale in LA1 4RE sold for £207,500 on 24th July 2023. Since then prices are up an average of 5.1%.
The current average value in the postcode is £213,212.
The LA1 4RE Sales Market has increased by 38.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.4% | £213,212 |
| April 2025 | 3.3% | £212,353 |
| April 2024 | 1.4% | £205,554 |
| April 2023 | 4.3% | £202,779 |
| April 2022 | 8.5% | £194,486 |
| April 2021 | 8.3% | £179,276 |
| April 2020 | 2.3% | £165,561 |
| April 2019 | 1.1% | £161,902 |
| April 2018 | 1.6% | £160,136 |
| April 2017 | 2.1% | £157,554 |
| April 2016 | 2.2% | £154,248 |
| April 2015 | 2.5% | £150,862 |
| April 2014 | 3.6% | £147,222 |
| April 2013 | 3.2% | £142,101 |
| April 2012 | 0.3% | £137,712 |
| April 2011 | -2.6% | £137,263 |
| April 2010 | 5.5% | £140,953 |
| April 2009 | -10.6% | £133,602 |
| April 2008 | 2% | £149,486 |
| April 2007 | 0% | £146,570 |
The current average rental value in the postcode is £990.
The LA1 4RE Rental Market has increased by 48.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3.6% | £990pcm |
| April 2025 | 4.1% | £956pcm |
| April 2024 | 10.6% | £919pcm |
| April 2023 | 5.5% | £831pcm |
| April 2022 | 9.9% | £787pcm |
| April 2021 | 1.8% | £716pcm |
| April 2020 | 2.8% | £704pcm |
| April 2019 | 2.2% | £684pcm |
| April 2018 | 1.2% | £669pcm |
| April 2017 | -0.6% | £662pcm |
| April 2016 | 2.1% | £666pcm |
| April 2015 | -0.2% | £652pcm |
| April 2014 | 1.9% | £653pcm |
| April 2013 | 3% | £641pcm |
| April 2012 | 1.5% | £622pcm |
| April 2011 | 0.4% | £613pcm |
| April 2010 | 4% | £611pcm |
| April 2009 | -0.3% | £587pcm |
| April 2008 | 3.9% | £589pcm |
| April 2007 | 0% | £567pcm |
The last sale was on 24th July 2023 for £207,500 and since then the market in the area has increased by 5.1%. The postcode has had a total of 27 sales since 1995.
LA1 4RE has seen 1 sale in the last three years and no sales in the last twelve months.
LA1 4RE is the 768th largest and the 734th most expensive postcode out of the 1,210 postcodes in the LA1 area.
Be the first Estate
Agent here!
The closest station to LA1 4RE is Lancaster station which is 2.6 kilometres away.
Be the first Estate
Agent here!
The recent census recorded whether a resident owned or rented their home.
In the area around LA1 4RE, 42.2% of property is socially rented and 26.7% is privately owned with a mortgage.
The graph below shows how this compares to North West and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around LA1 4RE, 23.9% of residents are recorded as possessing school level qualifications and 24.6% as possessing degree level qualifications.
The graph below shows how this compares to North West and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around LA1 4RE, the average age was 40.4 and the most common age was 22.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around LA1 4RE, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around LA1 4RE, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.