3, PIERCE CLOSE, LANCASTER, LA1 5EQ - £237,000

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 PIERCE CLOSE is a small extended detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £332,307. It was last sold for £237,000 in August 2016, which was around 1% below the average August 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

3 PIERCE CLOSE Sold Prices

Land registry data shows two sales for 3 PIERCE 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. One of the two 3 PIERCE CLOSE sales was for below the average price, whilst the other was 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 18 AUG	£237,000	£238,226	1% below HPI
1999 27 AUG	£91,000	£85,239	7% above HPI

3 PIERCE 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 PIERCE CLOSE sales from August 1999 and August 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 August 1999 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the August 2016 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 3 PIERCE CLOSE be worth now?

3 PIERCE CLOSE might now be worth an estimated £332,307.

This is based on house price inflation of 40.2%, between August 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 40.2% inflationary increase is applied to the most recent sale price for 3 PIERCE CLOSE of £237,000 on 18th August 2016. For the value to have increased from £237,000 to £332,307 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 3 PIERCE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2016 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PIERCE CLOSE has not materially changed since August 2016.

How Large is 3 PIERCE CLOSE?

3 PIERCE CLOSE is 106m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 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 PIERCE CLOSE lies on this distribution: 30% of detached houses houses are smaller than 3 PIERCE CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 PIERCE CLOSE: Plot and Title Map

3 PIERCE CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 3 PIERCE 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 PIERCE 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 PIERCE CLOSE?

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