24, NAIRN ROAD, LANCASTER, LA1 5UY - £266,000

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.

24 NAIRN ROAD is a small detached house of 110m², which could now be worth an estimated £349,668. It was last sold for £266,000 in January 2020, which was around 5% above the average January 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2016, where the current energy rating was B, and the potential energy rating was A.

24 NAIRN ROAD Sold Prices

Land registry data shows two sales for 24 NAIRN ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Both of the two 24 NAIRN 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 8 JAN	£266,000	£254,101	5% above HPI
2016 22 JAN	£250,995	£232,534	8% above HPI

24 NAIRN ROAD 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 two 24 NAIRN ROAD sales from January 2016 and January 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 January 2016 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the January 2020 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 24 NAIRN ROAD be worth now?

24 NAIRN ROAD might now be worth an estimated £349,668.

This is based on house price inflation of 31.5%, between January 2020 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 31.5% inflationary increase is applied to the most recent sale price for 24 NAIRN ROAD of £266,000 on 8th January 2020. For the value to have increased from £266,000 to £349,668 over the four years and eleven months to February 2025, the following assumptions must hold true:

• The value of 24 NAIRN ROAD has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The January 2020 sale price of £266,000 represented a fair market value for the property.
• The size, condition, and specification of 24 NAIRN ROAD has not materially changed since January 2020.

How Large is 24 NAIRN ROAD?

24 NAIRN ROAD is 110m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 40% of detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 24 NAIRN ROAD lies on this distribution: 35% of detached houses houses are smaller than 24 NAIRN ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

24 NAIRN ROAD: Plot and Title Map

24 NAIRN ROAD sits on a plot of roughly 4.8 acres, or 19,333m². The below map shows the location of 24 NAIRN 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 24 NAIRN 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 24 NAIRN ROAD?

24 NAIRN ROAD is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 24 on NAIRN ROAD.