5, LOCKA LANE, LANCASTER, LA1 2JQ - £167,000

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 LOCKA LANE is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £167,000 in December 2019, which was around 38% below the average December 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2010, where the current energy rating was F, and the potential energy rating was E.

5 LOCKA LANE Sold Prices

Land registry data shows three sales for 5 LOCKA LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 5 LOCKA LANE 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
2019 16 DEC	£167,000	£268,791	38% below HPI
2011 19 OCT	£163,000	£218,640	25% below HPI
2000 29 FEB	£62,500	£88,793	30% below HPI

5 LOCKA LANE 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 three 5 LOCKA LANE sales between February 2000 and December 2019 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 2011 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2019 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 5 LOCKA LANE?

5 LOCKA LANE is 69m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 10% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 5 LOCKA LANE lies on this distribution: 3% of detached houses are smaller than 5 LOCKA LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

5 LOCKA LANE: Plot and Title Map

5 LOCKA LANE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 5 LOCKA LANE, 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 LOCKA LANE). 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 LOCKA LANE?

5 LOCKA LANE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 5 on LOCKA LANE.