21, SPRING BANK, SILVERDALE, CARNFORTH, LA5 0TD - £325,000

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.

21 SPRING BANK is a midsized extended detached house of 141m², built sometime between 1967 and 1975, which could now be worth an estimated £455,850. It was last sold for £325,000 in September 2016, which was around 36% above the average September 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

21 SPRING BANK Sold Prices

Land registry data shows three sales for 21 SPRING BANK 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 21 SPRING BANK 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
2016 28 SEP	£325,000	£238,145	36% above HPI
2007 12 OCT	£325,000	£245,347	32% above HPI
1999 16 JUL	£124,000	£86,362	44% above HPI

21 SPRING BANK 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 21 SPRING BANK sales between July 1999 and September 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 October 2007 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the September 2016 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might 21 SPRING BANK be worth now?

21 SPRING BANK might now be worth an estimated £455,850.

This is based on house price inflation of 40.3%, between September 2016 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 40.3% inflationary increase is applied to the most recent sale price for 21 SPRING BANK of £325,000 on 28th September 2016. For the value to have increased from £325,000 to £455,850 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 21 SPRING BANK has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2016 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 21 SPRING BANK has not materially changed since September 2016.

How Large is 21 SPRING BANK?

21 SPRING BANK is 141m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 50% of detached houses houses in Silverdale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Silverdale, and where 21 SPRING BANK lies on this distribution: 57% of detached houses houses are smaller than 21 SPRING BANK, and 43% of houses are larger. Note that EPC data is not available for all properties in Silverdale.

21 SPRING BANK: Plot and Title Map

21 SPRING BANK sits on a plot of roughly 0.182 of an acre, or 735m². The below map shows the location of 21 SPRING BANK, 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 21 SPRING BANK). 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 21 SPRING BANK?

21 SPRING BANK is located in SILVERDALE, in the LA5 postcode district. The below map shows the position of No. 21 on SPRING BANK.