3, OAKWOOD GARDENS, LANCASTER, LA1 4PF - £246,500

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 OAKWOOD GARDENS is a very large extended detached house of 163m², built sometime between 1976 and 1982, which could now be worth an estimated £372,252. It was last sold for £246,500 in March 2015, which was around 11% above the average March 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was B.

3 OAKWOOD GARDENS Sold Prices

Land registry data shows three sales for 3 OAKWOOD GARDENS 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 3 OAKWOOD GARDENS 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
2015 31 MAR	£246,500	£221,187	11% above HPI
1998 26 JUN	£139,000	£79,965	74% above HPI
1995 23 FEB	£115,000	£77,765	48% above HPI

3 OAKWOOD GARDENS 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 3 OAKWOOD GARDENS sales between February 1995 and March 2015 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 June 1998 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the March 2015 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 3 OAKWOOD GARDENS be worth now?

3 OAKWOOD GARDENS might now be worth an estimated £372,252.

This is based on house price inflation of 51%, between March 2015 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 51% inflationary increase is applied to the most recent sale price for 3 OAKWOOD GARDENS of £246,500 on 31st March 2015. For the value to have increased from £246,500 to £372,252 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 3 OAKWOOD GARDENS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The March 2015 sale price of £246,500 represented a fair market value for the property.
• The size, condition, and specification of 3 OAKWOOD GARDENS has not materially changed since March 2015.

How Large is 3 OAKWOOD GARDENS?

3 OAKWOOD GARDENS is 163m², which includes three extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 20% 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 OAKWOOD GARDENS lies on this distribution: 82% of detached houses houses are smaller than 3 OAKWOOD GARDENS, and 18% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 OAKWOOD GARDENS: Plot and Title Map

3 OAKWOOD GARDENS sits on a plot of roughly 0.213 of an acre, or 862m². The below map shows the location of 3 OAKWOOD GARDENS, 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 OAKWOOD GARDENS). 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 OAKWOOD GARDENS?

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