2, GOODWOOD ROAD, LANCASTER, LA1 4LZ - £225,000

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.

2 GOODWOOD ROAD is a very small semi-detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £305,239. It was last sold for £225,000 in February 2020, which was around 42% above the average February 2020 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

2 GOODWOOD ROAD Sold Prices

Land registry data shows three sales for 2 GOODWOOD ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. All of the three 2 GOODWOOD ROAD 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 28 FEB	£225,000	£158,630	42% above HPI
2018 20 APR	£185,000	£153,558	20% above HPI
2005 15 JUL	£190,000	£132,475	43% above HPI

2 GOODWOOD ROAD Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lancaster local authority area over time, sourced from the HPI. The three 2 GOODWOOD ROAD sales between July 2005 and February 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 April 2018 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2020 sale, where it rises to 42% above the HPI. The line then continues to track at 42% above the HPI.

What might 2 GOODWOOD ROAD be worth now?

2 GOODWOOD ROAD might now be worth an estimated £305,239.

This is based on house price inflation of 35.7%, between February 2020 and February 2025, for semi-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 35.7% inflationary increase is applied to the most recent sale price for 2 GOODWOOD ROAD of £225,000 on 28th February 2020. For the value to have increased from £225,000 to £305,239 over the five years to February 2025, the following assumptions must hold true:

• The value of 2 GOODWOOD ROAD has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The February 2020 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GOODWOOD ROAD has not materially changed since February 2020.

How Large is 2 GOODWOOD ROAD?

2 GOODWOOD ROAD is 68m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of semi-detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lancaster, and where 2 GOODWOOD ROAD lies on this distribution: 3% of semi-detached houses houses are smaller than 2 GOODWOOD ROAD, and 97% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

2 GOODWOOD ROAD: Plot and Title Map

2 GOODWOOD ROAD sits on a plot of roughly 0.098 of an acre, or 398m². The below map shows the location of 2 GOODWOOD ROAD, 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 2 GOODWOOD ROAD). 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 2 GOODWOOD ROAD?

2 GOODWOOD ROAD is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 2 on GOODWOOD ROAD.