7, OAKWOOD GARDENS, LANCASTER, LA1 4PF - £402,000

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 OAKWOOD GARDENS is a very large extended detached house of 211m², built sometime between 1976 and 1982, which could now be worth an estimated £557,049. It was last sold for £402,000 in February 2017, which was around 67% above the average February 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

7 OAKWOOD GARDENS Sold Prices

Land registry data shows two sales for 7 OAKWOOD GARDENS 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 OAKWOOD GARDENS 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
2017 23 FEB	£402,000	£241,053	67% above HPI
1995 27 FEB	£150,000	£77,765	93% above HPI

7 OAKWOOD GARDENS 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 OAKWOOD GARDENS sales from February 1995 and February 2017 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 February 1995 sale was for 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the February 2017 sale, where it falls to 67% above the HPI. The line then continues to track at 67% above the HPI.

What might 7 OAKWOOD GARDENS be worth now?

7 OAKWOOD GARDENS might now be worth an estimated £557,049.

This is based on house price inflation of 38.6%, between February 2017 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 38.6% inflationary increase is applied to the most recent sale price for 7 OAKWOOD GARDENS of £402,000 on 23rd February 2017. For the value to have increased from £402,000 to £557,049 over the eight years to February 2025, the following assumptions must hold true:

• The value of 7 OAKWOOD GARDENS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2017 sale price of £402,000 represented a fair market value for the property.
• The size, condition, and specification of 7 OAKWOOD GARDENS has not materially changed since February 2017.

How Large is 7 OAKWOOD GARDENS?

7 OAKWOOD GARDENS is 211m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 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 7 OAKWOOD GARDENS lies on this distribution: 94% of detached houses houses are smaller than 7 OAKWOOD GARDENS, and 6% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

7 OAKWOOD GARDENS: Plot and Title Map

7 OAKWOOD GARDENS sits on a plot of roughly 0.199 of an acre, or 807m². The below map shows the location of 7 OAKWOOD GARDENS, 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 OAKWOOD GARDENS). 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 OAKWOOD GARDENS?

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