7, HANGING GREEN LANE, HEST BANK, LANCASTER, LA2 6JB - £460,000

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.

7 HANGING GREEN LANE is a large extended detached house of 155m², built sometime between 1930 and 1949, which could now be worth an estimated £536,513. It was last sold for £460,000 in August 2021, which was around 61% above the average August 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2019, where the current energy rating was C, and the potential energy rating was B.

7 HANGING GREEN LANE Sold Prices

Land registry data shows four sales for 7 HANGING GREEN LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 7 HANGING GREEN LANE sales were for above 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
2021 11 AUG	£460,000	£286,390	61% above HPI
2020 30 OCT	£440,000	£274,497	60% above HPI
2017 10 NOV	£288,000	£242,276	19% above HPI
2005 25 OCT	£275,000	£205,306	34% above HPI

7 HANGING GREEN 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 four 7 HANGING GREEN LANE sales between October 2005 and August 2021 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 2020 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the August 2021 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

What might 7 HANGING GREEN LANE be worth now?

7 HANGING GREEN LANE might now be worth an estimated £536,513.

This is based on house price inflation of 16.6%, between August 2021 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 16.6% inflationary increase is applied to the most recent sale price for 7 HANGING GREEN LANE of £460,000 on 11th August 2021. For the value to have increased from £460,000 to £536,513 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 7 HANGING GREEN LANE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2021 sale price of £460,000 represented a fair market value for the property.
• The size, condition, and specification of 7 HANGING GREEN LANE has not materially changed since August 2021.

How Large is 7 HANGING GREEN LANE?

7 HANGING GREEN LANE is 155m², which includes two extensions, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where 7 HANGING GREEN LANE lies on this distribution: 71% of detached houses houses are smaller than 7 HANGING GREEN LANE, and 29% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

7 HANGING GREEN LANE: Plot and Title Map

7 HANGING GREEN LANE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of 7 HANGING GREEN 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 7 HANGING GREEN 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 7 HANGING GREEN LANE?

7 HANGING GREEN LANE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 7 on HANGING GREEN LANE.