6, THE SPINNEY, LANCASTER, LA1 4JQ - £224,500

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.

6 THE SPINNEY is a very small detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £324,303. It was last sold for £224,500 in August 2015, which was around 3% below the average August 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

6 THE SPINNEY Sold Prices

Land registry data shows three sales for 6 THE SPINNEY 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 6 THE SPINNEY 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
2015 28 AUG	£224,500	£231,231	3% below HPI
2001 14 DEC	£102,000	£103,549	1% below HPI
1997 29 AUG	£68,000	£79,574	15% below HPI

6 THE SPINNEY 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 6 THE SPINNEY sales between August 1997 and August 2015 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 December 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the August 2015 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 6 THE SPINNEY be worth now?

6 THE SPINNEY might now be worth an estimated £324,303.

This is based on house price inflation of 44.5%, between August 2015 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 44.5% inflationary increase is applied to the most recent sale price for 6 THE SPINNEY of £224,500 on 28th August 2015. For the value to have increased from £224,500 to £324,303 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 6 THE SPINNEY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2015 sale price of £224,500 represented a fair market value for the property.
• The size, condition, and specification of 6 THE SPINNEY has not materially changed since August 2015.

How Large is 6 THE SPINNEY?

6 THE SPINNEY is 73m² according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% 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 6 THE SPINNEY lies on this distribution: 4% of detached houses houses are smaller than 6 THE SPINNEY, and 96% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

6 THE SPINNEY: Plot and Title Map

6 THE SPINNEY sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 6 THE SPINNEY, 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 6 THE SPINNEY). 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 6 THE SPINNEY?

6 THE SPINNEY is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 6 on THE SPINNEY.