Housing Market Analysis for BANK TERRACE, LA23 3BL

Are you looking to understand LA23 3BL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this South Lakeland postcode.

For the location information and nearby amenities in the LA23 3BL area, explore the LA23 3BL Area information page.
For comprehensive crime statistics in the LA23 3BL area, explore the LA23 3BL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the LA23 3BL postcode area, The average prices are as follows,

Terraced
- The average price is around £208,083 median price is £212,000 Standard Deviation is £118,029 with Total Sold: 18
- The Last 5 Year average price is £418,333 with Total Sold: 3
- The most recent sale happened at this postcode is 6 BANK TERRACE: £475,000 (Sold on 21 Aug 2023)
- The first recorded sale happened at this postcode is 3 BANK TERRACE: £73,500 (Sold on 07 Jul 1997)
Other
- The average price is around £77,500 median price is £77,500 Standard Deviation is £7,500 with Total Sold: 2
- The Last 5 Year average price is £85,000 with Total Sold: 1
- The most recent sale happened at this postcode is THE CHALET BANK TERRACE: £85,000 (Sold on 28 Mar 2023)
- The first recorded sale happened at this postcode is THE CHALET BANK TERRACE: £70,000 (Sold on 09 Apr 2018)
Flat
- The average price is around £168,583 median price is £175,750 Standard Deviation is £34,911 with Total Sold: 6
- The most recent sale happened at this postcode is 8A BANK TERRACE: £215,000 (Sold on 07 Aug 2009)
- The first recorded sale happened at this postcode is CHAPEL HOUSE BANK TERRACE: £115,499 (Sold on 29 Apr 2002)

Sold Price Trend Over the Years:

Below table and chart gives the average LA23 3BL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£475,000	£3,800	1
2021	£400,000	£3,306	1
2019	£380,000	£3,040	1
2018	£200,000		1
2017	£224,000	£1,821	1
2016	£275,000	£2,455	1
2015	£285,000	£6,628	1
2014	£225,000		1
2013	£235,000	£1,880	1
2010	£230,000	£1,901	1
2002	£156,000	£1,753	1
2001	£115,000	£2,674	2
2000	£82,250	£910	2
1999	£96,245	£826	2
1997	£73,500	£607	1

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£85,000		1
2018	£70,000		1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2009	£215,000	£3,931	1
2007	£195,000		1
2003	£175,750	£3,464	2
2002	£125,000	£2,459	2

All the Sales in the BANK TERRACE, LA23 3BL

See the table below for more details on the sold house prices in the LA23 3BL, South Lakeland postcode.

Address	Sold Date	Price	% Change
6 BANK TERRACETerraced, FreeholdArea: 125 Sq.mtrAge: 2003-2006	21 Aug 2023	£475,000	25.00%
	18 Apr 2019	£380,000	61.70%
	17 Oct 2013	£235,000	First Sale
THE CHALET BANK TERRACEOther, Freehold	28 Mar 2023	£85,000	21.43%
THE CHALET BANK TERRACEOther, Freehold	09 Apr 2018	£70,000	First Sale
3 BANK TERRACETerraced, FreeholdArea: 121 Sq.mtrAge: before 1900	20 Jan 2021	£400,000	73.91%
	26 Mar 2010	£230,000	130.02%
	11 Oct 1999	£99,990	36.04%
	07 Jul 1997	£73,500	First Sale
1 BANK TERRACETerraced, Freehold	31 Oct 2018	£200,000	First Sale
4 BANK TERRACETerraced, FreeholdArea: 123 Sq.mtrAge: before 1900	22 Feb 2017	£224,000	First Sale
2 BANK TERRACETerraced, FreeholdArea: 112 Sq.mtrAge: before 1900	18 Mar 2016	£275,000	First Sale
5 BANK TERRACETerraced, FreeholdArea: 43 Sq.mtrAge: before 1900	18 Aug 2015	£285,000	67.65%
	08 Jun 2001	£170,000	183.33%
	07 Feb 2001	£60,000	First Sale
7 BANK TERRACETerraced, Freehold	28 Aug 2014	£225,000	143.24%
7 BANK TERRACETerraced, Freehold	20 Aug 1999	£92,500	First Sale
8A BANK TERRACEFlat, LeaseholdArea: 54.7 Sq.mtrAge: before 1900	07 Aug 2009	£215,000	13.46%
	20 Aug 2003	£189,500	40.89%
	29 Apr 2002	£134,500	First Sale
CHAPEL HOUSE BANK TERRACEFlat, Leasehold	15 Oct 2007	£195,000	20.37%
	07 Nov 2003	£162,000	40.26%
	29 Apr 2002	£115,499	38.32%
	20 Dec 2000	£83,500	First Sale
HONEYSUCKLE COTTAGE BANK TERRACETerraced, FreeholdArea: 89 Sq.mtrAge: 1900-1929	17 May 2002	£156,000	92.59%
	20 Jul 2000	£81,000	First Sale

Check out the sold house prices near the LA23 3BL postcode. Properties currently for saleProperties currently for rent

BANK TERRACE, LA23 3BL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the LA23 3BL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the LA23 3BL postcode.

Flat
- The average price is around £153,291 median price is £135,000 Standard Deviation is £100,634 with Total Sold: 705
- The Last 5 Year average price is £251,735 with Total Sold: 114
- The most recent sale happened at this postcode is FLAT 16, HELM RIGG HELM ROAD: £247,000 (Sold on 30 Aug 2024)
- The first recorded sale happened at this postcode is 6, MYLNBECK COURT LAKE ROAD: £67,500 (Sold on 03 Apr 1995)
Terraced
- The average price is around £201,046 median price is £198,250 Standard Deviation is £110,280 with Total Sold: 446
- The Last 5 Year average price is £367,974 with Total Sold: 45
- The most recent sale happened at this postcode is , 1 SOUTH TERRACE: £320,000 (Sold on 17 Jul 2024)
- The first recorded sale happened at this postcode is 4, RUSTIC COTTAGES CRAIG WALK: £68,500 (Sold on 06 Jan 1995)
Semi-Detached
- The average price is around £210,412 median price is £191,775 Standard Deviation is £138,260 with Total Sold: 176
- The Last 5 Year average price is £336,044 with Total Sold: 21
- The most recent sale happened at this postcode is , 11 QUARRY BROW: £385,000 (Sold on 15 Feb 2024)
- The first recorded sale happened at this postcode is , 13 LANGRIGGE PARK: £64,000 (Sold on 03 Feb 1995)
Other
- The average price is around £684,004 median price is £500,000 Standard Deviation is £745,419 with Total Sold: 69
- The Last 5 Year average price is £837,533 with Total Sold: 39
- The most recent sale happened at this postcode is , MONTIES CRAG BROW: £425,000 (Sold on 09 Feb 2024)
- The first recorded sale happened at this postcode is , 50 QUARRY RIGG: £20,000 (Sold on 02 Dec 2013)
Detached
- The average price is around £338,976 median price is £295,000 Standard Deviation is £250,198 with Total Sold: 295
- The Last 5 Year average price is £629,235 with Total Sold: 51
- The most recent sale happened at this postcode is , 20 SOUTH CRAIG: £510,000 (Sold on 02 Feb 2024)
- The first recorded sale happened at this postcode is , 10 NORTH CRAIG: £90,000 (Sold on 23 Feb 1995)

Sold Price Trend Over the Years:

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£312,700	£4,732	5
2023	£338,342	£4,239	17
2022	£281,780	£4,728	20
2021	£234,440	£4,188	29
2020	£237,204	£3,534	24
2019	£171,329	£3,532	19
2018	£191,172	£3,537	20
2017	£214,383	£3,444	30
2016	£180,928	£2,960	30
2015	£148,214	£3,029	18
2014	£175,227	£3,109	26
2013	£140,873	£2,938	16
2012	£158,618	£3,035	17
2011	£162,458	£3,200	13
2010	£185,827	£3,454	13
2009	£150,812	£2,756	8
2008	£184,941	£3,085	29
2007	£183,804	£2,906	28
2006	£174,532	£2,647	30
2005	£161,875	£2,584	28
2004	£154,419	£2,515	36
2003	£106,792	£1,988	36
2002	£81,929	£1,437	41
2001	£65,865	£1,109	24
2000	£128,533	£1,572	40
1999	£73,385	£1,150	31
1998	£50,354	£913	25
1997	£46,252	£806	21
1996	£53,529	£880	17
1995	£43,071	£768	14

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£406,250	£3,969	4
2023	£382,167	£3,387	6
2022	£415,000	£4,187	5
2021	£383,769	£4,175	18
2020	£309,500	£3,127	6
2019	£300,167	£3,670	6
2018	£247,750	£3,417	12
2017	£280,381	£2,697	16
2016	£296,581	£2,683	18
2015	£261,272	£3,342	9
2014	£242,634	£2,780	13
2013	£245,206	£2,214	8
2012	£232,800	£2,865	10
2011	£265,550	£3,326	9
2010	£240,300	£2,843	10
2009	£240,656	£2,970	16
2008	£246,714	£2,892	7
2007	£263,214	£2,815	21
2006	£234,543	£2,621	27
2005	£221,260	£2,363	20
2004	£207,642	£2,081	25
2003	£168,804	£2,187	23
2002	£113,094	£1,551	33
2001	£119,783	£1,581	23
2000	£102,819	£991	28
1999	£92,869	£1,069	15
1998	£71,091	£857	11
1997	£71,471	£769	21
1996	£73,250	£644	16
1995	£57,125	£872	10

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£385,000		1
2023	£226,000	£3,590	5
2022	£381,700	£3,238	5
2021	£358,904	£3,984	6
2020	£370,000	£3,480	4
2018	£350,750	£2,940	10
2017	£350,000		1
2016	£281,667	£2,865	3
2015	£142,163	£1,402	6
2014	£330,000	£2,750	1
2013	£275,000	£3,768	2
2012	£294,000	£2,518	1
2011	£300,000	£3,244	2
2010	£228,750	£2,947	4
2009	£304,393	£2,780	7
2008	£336,990	£3,107	5
2007	£240,864	£2,271	11
2006	£240,438	£2,167	8
2005	£311,600	£2,558	5
2004	£268,417	£2,419	9
2003	£208,616	£1,700	10
2002	£152,531	£1,542	9
2001	£141,875	£1,308	12
2000	£94,223	£1,237	11
1999	£76,114	£803	11
1998	£105,632	£1,024	11
1997	£70,786	£780	7
1996	£85,000	£816	4
1995	£67,200	£754	5

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£425,000		1
2023	£610,125	£7,150	6
2022	£881,286	£9,347	7
2021	£1,263,870	£5,943	10
2020	£617,978	£2,960	7
2019	£680,562	£3,779	8
2018	£320,500		5
2017	£402,500	£3,022	7
2016	£270,415		7
2015	£640,875		4
2014	£939,346	£2,627	6
2013	£20,000		1

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£510,000	£5,050	1
2023	£742,167	£5,306	6
2022	£539,545	£5,395	11
2021	£638,417	£4,961	12
2020	£703,250	£4,101	16
2019	£456,000	£3,444	5
2018	£434,938	£3,131	8
2017	£401,500	£3,800	10
2016	£463,398	£4,752	10
2015	£470,438	£3,434	8
2014	£368,745	£3,405	10
2013	£372,812	£3,198	8
2012	£440,175	£4,108	6
2011	£372,000	£2,954	5
2010	£415,090	£3,262	5
2009	£398,100	£3,226	5
2008	£391,174	£3,070	9
2007	£387,111	£3,596	9
2006	£352,538	£2,502	13
2005	£373,529	£2,494	7
2004	£265,667	£2,359	12
2003	£234,014	£2,285	7
2002	£244,833	£2,257	15
2001	£148,192	£1,321	13
2000	£156,821	£1,315	17
1999	£169,547	£1,233	16
1998	£149,500	£1,331	14
1997	£142,000	£1,060	16
1996	£122,967	£1,325	15
1995	£93,750	£1,100	6

House Type in LA23 3BL area

The most common house types in the LA23 3BL postcode area are Flat (41), Detached (24), and Terraced (19).

Total	127
Flat	41
Detached	24
Terraced	19
converted building	19
Shared house	13
commercial building	7
Semi-detached	4
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Private rented: Private landlord or letting agency (48), and Owned: Owns outright (37).

Private rented: Private landlord or letting agency	48
Owned: Owns outright	37
Owned: Owns with a mortgage or loan	23
Social rented: Other social rented	14
Private rented: Other private rented	6
Shared ownership: Shared ownership	1
Does not apply	0
Social rented: Rents from council or Local Authority	0
Lives rent free	0

Number of People in a Household

The most houses in the LA23 3BL have 1 person in household (56), and 2 people in household (53).

1 person in household	56
2 people in household	53
3 people in household	11
4 people in household	5
7 people in household	3
5 people in household	1
0 people in household	0
6 people in household	0
8 or more people in household	0