Feb 07, 2023 by HM

House prices in Lazonby (CA10 1)

This article reveals price per square metre data and various charts to help you understand current housing market in Lazonby (CA10 1).

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Price per square metre

Knowing the average house price in Lazonby is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:

£ per sqm = price ÷ internal area

E.g. Crossfell View, , Lazonby, Shap, sold for £485,000 on Oct-2023. Given the internal area of 192 square metres, the price per sqm is £2,526.

England & Wales have been officially metric for many decades. However house price per square foot is sometimes prefered by those of sufficiently advanced age. They may want to convert metres on this page to square feet.

The chart below is called a histogram, it helps you see the distribution of this house price per sqm data. To make this chart we put the sales data into a series of £ per sqm 'buckets' (e.g. £2,800-£3,000, £3,000-£3,200, £3,200-£3,400 etc...) we then count the number of sales with within in each bucket and plot the results. The chart is based on 130 sales in Lazonby (CA10 1) that took place in the last two years.

You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.

That said, the spread of prices will give you a feel of the typical range to expect in Lazonby (CA10 1). Of the 130 transactions, half were sold for between £2,180 and £3,110 per square metre. Notably, only 25% of properties that sold recently were valued at more than £3,110m². For anything to be valued more than this means it has to be more desireable than the clear majority of homes.

For the average, we calculate the 'median' or middle price. The median price per square metre in 'CA10 1' is £2,600. The table below shows how 'CA10 1' compares to neighbouring postcode sectors.

Postcode sector	Lower quartile	Middle quartile	Upper quartile
CA10 1 Lazonby	£2,180m2	£2,600m2	£3,110m2
CA10 3 Shap	£1,930m2	£2,380m2	£2,800m2
CA10 2 Clifton	£2,230m2	£2,710m2	£3,060m2

Will Lazonby house prices drop in 2024?

I cannot tell the future and don't believe anyone who says they can. I can however plot price trends - I have done this in the scatter plot below for CA10 1 (Lazonby). From this one could infer a range of reasonable possible future price falls or rises. In the chart below, the red dashed line is the house price trend for CA10 1 and the blue dots are the individual property sales that inform this trend.

Disclaimer: The data provided throughout this website about Lazonby and any other area, is not financial advice. Any information provided does not and cannot ever take in to account the particular financial situation, objectives or property needs of either you or anyone reading this information. Furthermore, I cannot guarantee the accuracy of any data shown. This information is based on sold prices and internal area data provided by Land Registry and other third parties - I do not verify the accuracy of the Lazonby data or any other data I am given.

Price map for Lazonby

I've just finished coding the map I link to below. I find it useful and I am sure it will help you in exploring Lazonby. You can zoom in all the way to individual properties and then all the way back out to see the whole country. The colours show the current estimated property values. I will explain more about the methodology and create a key next week.

House price heatmap for Lazonby

New build activity

Street	Avg size	Avg £/m2	New build sales
Linden Park, Lazonby, CA10 1R	113m2	£1,938	11

Linden Park, Lazonby, CA10 1R has seen 11 new build sales in the last 4 years (average price £181,503). These new build homes typically have an internal area of 113 m2, with an average price of £1,938 m2. This £sqm average is £-662 below the average for CA10 1. New builds typically command a £ per sqm premium. In the case of Linden Park the premium seems not to exist. Without more info we can only speculate why this may be. Perhaps it may be greater density and smaller gardens, but this is just a guess.

Raw data

Our analysis of Lazonby is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.

Address	Paid	m2	£/m2
Crossfell View, , Lazonby, Shap	£485,000 Oct-2023	192	2,526
1, Wells Cottages, Lazonby, Shap	£164,995 Sep-2023	64	2,578
Swan Cottage, , Lazonby, Shap	£235,000 Sep-2023	83	2,831

See the entire list of all sales in Lazonby (CA10 1) here.