3, PARSONS CLOSE, LANCASTER, LA1 5FQ - £405,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 PARSONS CLOSE is a large extended detached house of 138m², built sometime between 2003 and 2006, which could now be worth an estimated £553,050. It was last sold for £405,000 in June 2018, which was around 66% above the average June 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2017, where the current energy rating was C, and the potential energy rating was B.

3 PARSONS CLOSE Sold Prices

Land registry data shows three sales for 3 PARSONS CLOSE 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 PARSONS 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
2018 7 JUN	£405,000	£244,608	66% above HPI
2008 29 AUG	£322,000	£228,729	41% above HPI
2003 14 NOV	£202,000	£155,758	30% above HPI

3 PARSONS 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 three 3 PARSONS CLOSE sales between November 2003 and June 2018 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 August 2008 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the June 2018 sale, where it rises to 66% above the HPI. The line then continues to track at 66% above the HPI.

What might 3 PARSONS CLOSE be worth now?

3 PARSONS CLOSE might now be worth an estimated £553,050.

This is based on house price inflation of 36.6%, between June 2018 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 36.6% inflationary increase is applied to the most recent sale price for 3 PARSONS CLOSE of £405,000 on 7th June 2018. For the value to have increased from £405,000 to £553,050 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 3 PARSONS CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The June 2018 sale price of £405,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PARSONS CLOSE has not materially changed since June 2018.

How Large is 3 PARSONS CLOSE?

3 PARSONS CLOSE is 138m², which includes one extension, according to the EPC inspection conducted in January 2017. This puts it in the largest 30% 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 PARSONS CLOSE lies on this distribution: 70% of detached houses houses are smaller than 3 PARSONS CLOSE, and 30% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 PARSONS CLOSE: Plot and Title Map

3 PARSONS CLOSE sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 3 PARSONS 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 PARSONS 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 PARSONS CLOSE?

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