44, HORNBY BANK, HORNBY, LANCASTER, LA2 8LQ - £232,000

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.

44 HORNBY BANK is a very small detached house of 104m², built sometime between 1967 and 1975, which could now be worth an estimated £306,860. It was last sold for £232,000 in August 2018, which was around 8% below the average August 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

44 HORNBY BANK Sold Prices

Land registry data shows two sales for 44 HORNBY BANK 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 44 HORNBY BANK 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
2018 2 AUG	£232,000	£252,539	8% below HPI
2005 8 JUL	£235,000	£206,346	14% above HPI

44 HORNBY BANK 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 44 HORNBY BANK sales from July 2005 and August 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 July 2005 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the August 2018 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 44 HORNBY BANK be worth now?

44 HORNBY BANK might now be worth an estimated £306,860.

This is based on house price inflation of 32.3%, between August 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 32.3% inflationary increase is applied to the most recent sale price for 44 HORNBY BANK of £232,000 on 2nd August 2018. For the value to have increased from £232,000 to £306,860 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 44 HORNBY BANK has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2018 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 44 HORNBY BANK has not materially changed since August 2018.

How Large is 44 HORNBY BANK?

44 HORNBY BANK is 104m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 20% of detached houses houses in Hornby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hornby, and where 44 HORNBY BANK lies on this distribution: 12% of detached houses houses are smaller than 44 HORNBY BANK, and 88% of houses are larger. Note that EPC data is not available for all properties in Hornby.

44 HORNBY BANK: Plot and Title Map

44 HORNBY BANK sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of 44 HORNBY BANK, 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 44 HORNBY BANK). 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 44 HORNBY BANK?

44 HORNBY BANK is located in HORNBY, in the LA2 postcode district. The below map shows the position of No. 44 on HORNBY BANK.