15, THE SPINNEY, LANCASTER, LA1 4JQ - £255,000

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

15 THE SPINNEY is a very small detached house of 90m², built sometime between 1983 and 1990. It was last sold for £255,000 in April 2014, which was around 14% above the average April 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2010, where the current energy rating was D, and the potential energy rating was C.

15 THE SPINNEY Sold Prices

Land registry data shows two sales for 15 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 15 THE SPINNEY 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
2014 7 APR	£255,000	£223,688	14% above HPI
1998 24 JUL	£85,000	£82,026	4% above HPI

15 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 15 THE SPINNEY sales from July 1998 and April 2014 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 July 1998 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the April 2014 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 15 THE SPINNEY?

15 THE SPINNEY is 90m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 20% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 15 THE SPINNEY lies on this distribution: 18% of detached houses are smaller than 15 THE SPINNEY, and 82% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

15 THE SPINNEY: Plot and Title Map

15 THE SPINNEY sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 15 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 15 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 15 THE SPINNEY?

15 THE SPINNEY is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 15 on THE SPINNEY.