5, WASHINGTON CLOSE, LANCASTER, LA1 5EX - £240,000

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 WASHINGTON CLOSE is a very small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £240,000 in June 2020, which was around 6% below the average June 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was C.

5 WASHINGTON CLOSE Sold Prices

Land registry data shows two sales for 5 WASHINGTON 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 5 WASHINGTON 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
2020 16 JUN	£240,000	£254,072	6% below HPI
1999 25 OCT	£58,500	£88,346	34% below HPI

5 WASHINGTON 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 5 WASHINGTON CLOSE sales from October 1999 and June 2020 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 1999 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2020 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 5 WASHINGTON CLOSE?

5 WASHINGTON CLOSE is 87m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 20% 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 WASHINGTON CLOSE lies on this distribution: 14% of detached houses are smaller than 5 WASHINGTON CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

5 WASHINGTON CLOSE: Plot and Title Map

5 WASHINGTON CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 5 WASHINGTON 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 WASHINGTON 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 WASHINGTON CLOSE?

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