1, PEACOCK CRESCENT, HEST BANK, LANCASTER, LA2 6EW - £295,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 PEACOCK CRESCENT is a very small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £345,546. It was last sold for £295,000 in June 2021, which was around 3% above the average June 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

1 PEACOCK CRESCENT Sold Prices

Land registry data shows two sales for 1 PEACOCK CRESCENT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. One of the two 1 PEACOCK CRESCENT sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 24 JUN	£295,000	£285,165	3% above HPI
2008 23 MAY	£205,000	£228,758	10% below HPI

1 PEACOCK CRESCENT Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The two 1 PEACOCK CRESCENT sales from May 2008 and June 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2008 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2021 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 1 PEACOCK CRESCENT be worth now?

1 PEACOCK CRESCENT might now be worth an estimated £345,546.

This is based on house price inflation of 17.1%, between June 2021 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 1 PEACOCK CRESCENT of £295,000 on 24th June 2021. For the value to have increased from £295,000 to £345,546 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 1 PEACOCK CRESCENT has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The June 2021 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PEACOCK CRESCENT has not materially changed since June 2021.

How Large is 1 PEACOCK CRESCENT?

1 PEACOCK CRESCENT is 77m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 10% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where 1 PEACOCK CRESCENT lies on this distribution: 7% of detached houses houses are smaller than 1 PEACOCK CRESCENT, and 93% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

1 PEACOCK CRESCENT: Plot and Title Map

1 PEACOCK CRESCENT sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 1 PEACOCK CRESCENT, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 PEACOCK CRESCENT). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 PEACOCK CRESCENT?

1 PEACOCK CRESCENT is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 1 on PEACOCK CRESCENT.