10, THE SPINNEY, LANCASTER, LA1 4JQ - £265,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

10 THE SPINNEY is a very small detached house of 58m², built sometime between 1983 and 1990. It was last sold for £265,000 in July 2024, which was around 24% below the average July 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

10 THE SPINNEY Sold Prices

Land registry data shows two sales for 10 THE SPINNEY 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. Both of the two 10 THE SPINNEY sales were 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
2024 15 JUL	£265,000	£348,823	24% below HPI
2022 20 MAY	£260,000	£319,756	19% below HPI

10 THE SPINNEY 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 10 THE SPINNEY sales from May 2022 and July 2024 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 2022 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2024 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 10 THE SPINNEY?

10 THE SPINNEY is 58m² according to the EPC inspection conducted in August 2021. This puts it in the smallest 10% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 10 THE SPINNEY lies on this distribution: 1% of detached houses are smaller than 10 THE SPINNEY, and 99% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

10 THE SPINNEY: Plot and Title Map

10 THE SPINNEY sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 10 THE SPINNEY, 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 10 THE SPINNEY). 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 10 THE SPINNEY?

10 THE SPINNEY is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 10 on THE SPINNEY.