2, SPRUCE AVENUE, LANCASTER, LA1 5LB - £320,500

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 SPRUCE AVENUE is a very large detached house of 181m², built sometime between 1996 and 2002. It was last sold for £320,500 in April 2011, which was around 47% above the average April 2011 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 SPRUCE AVENUE Sold Prices

Land registry data shows three sales for 2 SPRUCE AVENUE 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 2 SPRUCE AVENUE 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
2011 12 APR	£320,500	£217,823	47% above HPI
2000 13 NOV	£175,000	£96,911	81% above HPI
1999 22 JUN	£189,950	£85,877	121% above HPI

2 SPRUCE AVENUE 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 2 SPRUCE AVENUE sales between June 1999 and April 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 November 2000 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the April 2011 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is 2 SPRUCE AVENUE?

2 SPRUCE AVENUE is 181m² according to the EPC inspection conducted in March 2022. This puts it in the largest 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 2 SPRUCE AVENUE lies on this distribution: 89% of detached houses are smaller than 2 SPRUCE AVENUE, and 11% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

2 SPRUCE AVENUE: Plot and Title Map

2 SPRUCE AVENUE sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 2 SPRUCE AVENUE, 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 SPRUCE AVENUE). 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 SPRUCE AVENUE?

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