7, GRANT CLOSE, LANCASTER, LA1 5EL - £285,000

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

7 GRANT CLOSE is a very small detached house of 89m², built sometime between 1976 and 1982. It was last sold for £285,000 in September 2022, which was around 15% below the average September 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

7 GRANT CLOSE Sold Prices

Land registry data shows two sales for 7 GRANT 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 7 GRANT 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 2 SEP	£285,000	£334,153	15% below HPI
2022 12 MAY	£275,000	£319,756	14% below HPI

7 GRANT 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 7 GRANT CLOSE sales from May 2022 and September 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 May 2022 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 7 GRANT CLOSE?

7 GRANT CLOSE is 89m² according to the EPC inspection conducted in August 2018. 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 7 GRANT CLOSE lies on this distribution: 16% of detached houses are smaller than 7 GRANT CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

7 GRANT CLOSE: Plot and Title Map

7 GRANT CLOSE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 7 GRANT 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 7 GRANT 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 7 GRANT CLOSE?

7 GRANT CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 7 on GRANT CLOSE.