31, LANCASTER CLOSE, GREAT ECCLESTON, PRESTON, PR3 0UT - £148,500

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.

31 LANCASTER CLOSE is a very small extended semi-detached house of 55m², built sometime between 1983 and 1990, which could now be worth an estimated £149,224. It was last sold for £148,500 in October 2022, which was around 20% below the average October 2022 semi-detached price in the Wyre local authority area. The most recent EPC inspection was June 2022, where the current energy rating was C, and the potential energy rating was B.

31 LANCASTER CLOSE Sold Prices

Land registry data shows seven sales for 31 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average semi-detached price in the Wyre local authority area for the corresponding sale date. Most of the seven 31 LANCASTER CLOSE sales were for below 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
2022 3 OCT	£148,500	£185,081	20% below HPI
2018 7 SEP	£120,000	£141,553	15% below HPI
2013 11 OCT	£135,000	£126,811	6% above HPI
2008 14 FEB	£135,000	£148,454	9% below HPI
2004 26 MAR	£104,500	£112,267	7% below HPI
2001 3 AUG	£58,000	£64,365	10% below HPI
1998 31 JUL	£50,000	£54,117	8% below HPI

31 LANCASTER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Wyre local authority area over time, sourced from the HPI. The seven 31 LANCASTER CLOSE sales between July 1998 and October 2022 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 September 2018 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the October 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 31 LANCASTER CLOSE be worth now?

31 LANCASTER CLOSE might now be worth an estimated £149,224.

This is based on house price inflation of 0.5%, between October 2022 and February 2025, for semi-detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.5% inflationary increase is applied to the most recent sale price for 31 LANCASTER CLOSE of £148,500 on 3rd October 2022. For the value to have increased from £148,500 to £149,224 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 31 LANCASTER CLOSE has moved in line with the HPI for semi-detached houses in the Wyre local authority area.
• The October 2022 sale price of £148,500 represented a fair market value for the property.
• The size, condition, and specification of 31 LANCASTER CLOSE has not materially changed since October 2022.

How Large is 31 LANCASTER CLOSE?

31 LANCASTER CLOSE is 55m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of semi-detached houses houses in Great Eccleston, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Great Eccleston, and where 31 LANCASTER CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 31 LANCASTER CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Great Eccleston.

31 LANCASTER CLOSE: Plot and Title Map

31 LANCASTER CLOSE sits on a plot of roughly 0.047 of an acre, or 191m². The below map shows the location of 31 LANCASTER 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 31 LANCASTER 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 31 LANCASTER CLOSE?

31 LANCASTER CLOSE is located in GREAT ECCLESTON, in the PR3 postcode district. The below map shows the position of No. 31 on LANCASTER CLOSE.