2, LEVENS CLOSE, LANCASTER, LA1 5UL - £187,500

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

2 LEVENS CLOSE is a very small extended detached house of 76m², built sometime between 1991 and 1995. It was last sold for £187,500 in October 2016, which was around 25% below the average October 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

2 LEVENS CLOSE Sold Prices

Land registry data shows four sales for 2 LEVENS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 2 LEVENS 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
2016 21 OCT	£187,500	£248,873	25% below HPI
2006 7 APR	£158,500	£214,861	26% below HPI
1999 3 DEC	£68,950	£89,064	23% below HPI
1996 16 DEC	£57,500	£78,831	27% below HPI

2 LEVENS 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 four 2 LEVENS CLOSE sales between December 1996 and October 2016 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 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 2 LEVENS CLOSE?

2 LEVENS CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 2 LEVENS CLOSE lies on this distribution: 6% of detached houses are smaller than 2 LEVENS CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

2 LEVENS CLOSE: Plot and Title Map

2 LEVENS CLOSE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 2 LEVENS 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 2 LEVENS 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 2 LEVENS CLOSE?

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