15, WASHINGTON CLOSE, LANCASTER, LA1 5EX - £193,000

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.

15 WASHINGTON CLOSE is a very small detached house of 53m², built sometime between 1967 and 1975, which could now be worth an estimated £303,906. It was last sold for £193,000 in February 2011, which was around 9% below the average February 2011 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

15 WASHINGTON CLOSE Sold Prices

Land registry data shows three sales for 15 WASHINGTON CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 15 WASHINGTON CLOSE 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
2011 18 FEB	£193,000	£212,128	9% below HPI
2003 10 DEC	£117,000	£156,969	25% below HPI
1997 9 JUN	£45,000	£78,707	43% below HPI

15 WASHINGTON CLOSE 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 three 15 WASHINGTON CLOSE sales between June 1997 and February 2011 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 December 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the February 2011 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 15 WASHINGTON CLOSE be worth now?

15 WASHINGTON CLOSE might now be worth an estimated £303,906.

This is based on house price inflation of 57.5%, between February 2011 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 57.5% inflationary increase is applied to the most recent sale price for 15 WASHINGTON CLOSE of £193,000 on 18th February 2011. For the value to have increased from £193,000 to £303,906 over the fourteen years to February 2025, the following assumptions must hold true:

• The value of 15 WASHINGTON CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2011 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WASHINGTON CLOSE has not materially changed since February 2011.

How Large is 15 WASHINGTON CLOSE?

15 WASHINGTON CLOSE is 53m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 10% 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 15 WASHINGTON CLOSE lies on this distribution: Less than 1% of detached houses houses are smaller than 15 WASHINGTON CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

15 WASHINGTON CLOSE: Plot and Title Map

15 WASHINGTON CLOSE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 15 WASHINGTON CLOSE, 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 WASHINGTON CLOSE). 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 WASHINGTON CLOSE?

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