3, JENSEN CLOSE, LANCASTER, LA1 5BP - £275,000

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.

3 JENSEN CLOSE is a very small extended detached house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £470,418. It was last sold for £275,000 in February 2009, which was around 41% above the average February 2009 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was E.

3 JENSEN CLOSE Sold Prices

Land registry data shows two sales for 3 JENSEN CLOSE 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 3 JENSEN CLOSE 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
2009 13 FEB	£275,000	£195,267	41% above HPI
2001 25 APR	£152,000	£91,958	65% above HPI

3 JENSEN 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 two 3 JENSEN CLOSE sales from April 2001 and February 2009 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 2001 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the February 2009 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

What might 3 JENSEN CLOSE be worth now?

3 JENSEN CLOSE might now be worth an estimated £470,418.

This is based on house price inflation of 71.1%, between February 2009 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 71.1% inflationary increase is applied to the most recent sale price for 3 JENSEN CLOSE of £275,000 on 13th February 2009. For the value to have increased from £275,000 to £470,418 over the sixteen years to February 2025, the following assumptions must hold true:

• The value of 3 JENSEN CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2009 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 3 JENSEN CLOSE has not materially changed since February 2009.

How Large is 3 JENSEN CLOSE?

3 JENSEN CLOSE is 80m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% 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 3 JENSEN CLOSE lies on this distribution: 9% of detached houses houses are smaller than 3 JENSEN CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 JENSEN CLOSE: Plot and Title Map

3 JENSEN CLOSE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 3 JENSEN 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 3 JENSEN 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 3 JENSEN CLOSE?

3 JENSEN CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 3 on JENSEN CLOSE.