3, VERNON PARK, GALGATE, LANCASTER, LA2 0LP - £280,000

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 VERNON PARK is a very large extended detached house of 163m², built sometime between 2003 and 2006, which could now be worth an estimated £397,127. It was last sold for £280,000 in May 2016, which was around 19% above the average May 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

3 VERNON PARK Sold Prices

Land registry data shows two sales for 3 VERNON PARK 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 VERNON PARK 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
2016 6 MAY	£280,000	£235,510	19% above HPI
2005 28 OCT	£249,950	£205,306	22% above HPI

3 VERNON PARK 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 VERNON PARK sales from October 2005 and May 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 October 2005 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2016 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 3 VERNON PARK be worth now?

3 VERNON PARK might now be worth an estimated £397,127.

This is based on house price inflation of 41.8%, between May 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 41.8% inflationary increase is applied to the most recent sale price for 3 VERNON PARK of £280,000 on 6th May 2016. For the value to have increased from £280,000 to £397,127 over the nine years and three months to February 2025, the following assumptions must hold true:

• The value of 3 VERNON PARK has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The May 2016 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 3 VERNON PARK has not materially changed since May 2016.

How Large is 3 VERNON PARK?

3 VERNON PARK is 163m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of detached houses houses in Galgate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galgate, and where 3 VERNON PARK lies on this distribution: 96% of detached houses houses are smaller than 3 VERNON PARK, and 4% of houses are larger. Note that EPC data is not available for all properties in Galgate.

3 VERNON PARK: Plot and Title Map

3 VERNON PARK sits on a plot of roughly 0.159 of an acre, or 645m². The below map shows the location of 3 VERNON PARK, 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 VERNON PARK). 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 VERNON PARK?

3 VERNON PARK is located in GALGATE, in the LA2 postcode district. The below map shows the position of No. 3 on VERNON PARK.