5, LANCING CLOSE, WORCESTER, WR5 2HT - £192,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 LANCING CLOSE is a very small detached house of 70m², built sometime between 1950 and 1966. It was last sold for £192,500 in January 2007, which was around 29% below the average January 2007 detached price in the Worcester local authority area. The most recent EPC inspection was December 2020, where the current energy rating was C, and the potential energy rating was C.

5 LANCING CLOSE Sold Prices

Land registry data shows three sales for 5 LANCING CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the three 5 LANCING 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
2007 17 JAN	£192,500	£272,652	29% below HPI
2002 28 MAY	£114,000	£165,732	31% below HPI
2000 5 MAY	£80,000	£124,702	36% below HPI

5 LANCING CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The three 5 LANCING CLOSE sales between May 2000 and January 2007 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 May 2002 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the January 2007 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 5 LANCING CLOSE?

5 LANCING CLOSE is 70m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 10% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where 5 LANCING CLOSE lies on this distribution: 6% of detached houses are smaller than 5 LANCING CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Worcester.

5 LANCING CLOSE: Plot and Title Map

5 LANCING CLOSE sits on a plot of roughly 0.083 of an acre, or 337m². The below map shows the location of 5 LANCING 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 5 LANCING 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 5 LANCING CLOSE?

5 LANCING CLOSE is located in WORCESTER, in the WR5 postcode district. The below map shows the position of No. 5 on LANCING CLOSE.