12, ELMWOOD GARDENS, LANCASTER, LA1 4PG - £395,000

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.

12 ELMWOOD GARDENS is a midsized detached house of 122m², built sometime between 1983 and 1990, which could now be worth an estimated £467,001. It was last sold for £395,000 in July 2021, which was around 40% above the average July 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

12 ELMWOOD GARDENS Sold Prices

Land registry data shows two sales for 12 ELMWOOD GARDENS 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 12 ELMWOOD GARDENS sales were for above 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 27 JUL	£395,000	£282,527	40% above HPI
2006 10 OCT	£249,950	£219,463	14% above HPI

12 ELMWOOD GARDENS 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 12 ELMWOOD GARDENS sales from October 2006 and July 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 October 2006 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the July 2021 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 12 ELMWOOD GARDENS be worth now?

12 ELMWOOD GARDENS might now be worth an estimated £467,001.

This is based on house price inflation of 18.2%, between July 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 18.2% inflationary increase is applied to the most recent sale price for 12 ELMWOOD GARDENS of £395,000 on 27th July 2021. For the value to have increased from £395,000 to £467,001 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 12 ELMWOOD GARDENS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2021 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ELMWOOD GARDENS has not materially changed since July 2021.

How Large is 12 ELMWOOD GARDENS?

12 ELMWOOD GARDENS is 122m² according to the EPC inspection conducted in May 2021. This puts it in the largest 50% of detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 12 ELMWOOD GARDENS lies on this distribution: 53% of detached houses houses are smaller than 12 ELMWOOD GARDENS, and 46% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

12 ELMWOOD GARDENS: Plot and Title Map

12 ELMWOOD GARDENS sits on a plot of roughly 0.104 of an acre, or 420m². The below map shows the location of 12 ELMWOOD GARDENS, 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 12 ELMWOOD GARDENS). 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 12 ELMWOOD GARDENS?

12 ELMWOOD GARDENS is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 12 on ELMWOOD GARDENS.