56, LANCASTER CLOSE, GREAT ECCLESTON, PRESTON, PR3 0UT - £245,000

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

56 LANCASTER CLOSE is a very small extended detached house of 85m², built sometime between 1967 and 1975. It was last sold for £245,000 in April 2022, which was around 10% below the average April 2022 detached price in the Wyre local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

56 LANCASTER CLOSE Sold Prices

Land registry data shows two sales for 56 LANCASTER 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 Wyre local authority area for the corresponding sale date. Both of the two 56 LANCASTER 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
2022 21 APR	£245,000	£273,512	10% below HPI
2018 19 JAN	£170,000	£226,697	25% below HPI

56 LANCASTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two 56 LANCASTER CLOSE sales from January 2018 and April 2022 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 January 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the April 2022 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 56 LANCASTER CLOSE?

56 LANCASTER CLOSE is 85m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in Great Eccleston, based on EPC data. The below chart shows the distribution of detached houses by size in Great Eccleston, and where 56 LANCASTER CLOSE lies on this distribution: 12% of detached houses are smaller than 56 LANCASTER CLOSE, and 88% of houses are larger. Note that EPC data is not available for all properties in Great Eccleston.

56 LANCASTER CLOSE: Plot and Title Map

56 LANCASTER CLOSE sits on a plot of roughly 0.054 of an acre, or 219m². The below map shows the location of 56 LANCASTER 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 56 LANCASTER 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 56 LANCASTER CLOSE?

56 LANCASTER CLOSE is located in GREAT ECCLESTON, in the PR3 postcode district. The below map shows the position of No. 56 on LANCASTER CLOSE.