48, DENNISON CLOSE, LANCASTER, LA1 3SX - £315,000

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.

48 DENNISON CLOSE is a small detached house of 112m², which could now be worth an estimated £372,304. It was last sold for £315,000 in April 2021, which was around 11% above the average April 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2018, where the current energy rating was B, and the potential energy rating was A.

48 DENNISON CLOSE Sold Prices

Land registry data shows two sales for 48 DENNISON 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. Both of the two 48 DENNISON 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
2021 23 APR	£315,000	£282,614	11% above HPI
2018 28 MAR	£302,995	£245,820	23% above HPI

48 DENNISON 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 48 DENNISON CLOSE sales from March 2018 and April 2021 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 March 2018 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the April 2021 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 48 DENNISON CLOSE be worth now?

48 DENNISON CLOSE might now be worth an estimated £372,304.

This is based on house price inflation of 18.2%, between April 2021 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 18.2% inflationary increase is applied to the most recent sale price for 48 DENNISON CLOSE of £315,000 on 23rd April 2021. For the value to have increased from £315,000 to £372,304 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 48 DENNISON CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The April 2021 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 48 DENNISON CLOSE has not materially changed since April 2021.

How Large is 48 DENNISON CLOSE?

48 DENNISON CLOSE is 112m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% 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 48 DENNISON CLOSE lies on this distribution: 39% of detached houses houses are smaller than 48 DENNISON CLOSE, and 59% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

48 DENNISON CLOSE: Plot and Title Map

48 DENNISON CLOSE sits on a plot of roughly 0.081 of an acre, or 326m². The below map shows the location of 48 DENNISON 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 48 DENNISON 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 48 DENNISON CLOSE?

48 DENNISON CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 48 on DENNISON CLOSE.