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
16A HEST BANK LANE is a large extended detached house of 142m², built sometime between 1976 and 1982. It was last sold for £260,000 in June 2020, which was around 2% above the average June 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for 16A HEST BANK LANE since 1st 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 16A HEST BANK LANE 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 |
---|---|---|---|
2020 15 JUN | £260,000 | £254,072 | 2% above HPI |
2019 30 OCT | £325,000 | £269,056 | 21% above HPI |
1999 1 OCT | £167,000 | £88,346 | 89% above HPI |
The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The three 16A HEST BANK LANE sales between October 1999 and June 2020 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 2019 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the June 2020 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.
16A HEST BANK LANE is 142m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the largest 40% of detached houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Hest Bank, and where 16A HEST BANK LANE lies on this distribution: 63% of detached houses are smaller than 16A HEST BANK LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.
16A HEST BANK LANE sits on a plot of roughly 0.176 of an acre, or 710m². The below map shows the location of 16A HEST BANK LANE, 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 16A HEST BANK LANE). 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.
16A HEST BANK LANE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 16A on HEST BANK LANE.