7, PARSONS CLOSE, LANCASTER, LA1 5FQ - £357,000

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 PARSONS CLOSE is a large detached house of 131m², built sometime between 2003 and 2006. It was last sold for £357,000 in November 2010, which was around 60% above the average November 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2010, where the current energy rating was C, and the potential energy rating was C.

7 PARSONS CLOSE Sold Prices

Land registry data shows two sales for 7 PARSONS 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 PARSONS CLOSE 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
2010 19 NOV	£357,000	£222,936	60% above HPI
2004 26 MAR	£199,000	£177,807	12% above HPI

7 PARSONS 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 PARSONS CLOSE sales from March 2004 and November 2010 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 March 2004 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the November 2010 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 7 PARSONS CLOSE?

7 PARSONS CLOSE is 131m² according to the EPC inspection conducted in August 2010. This puts it in the largest 40% 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 PARSONS CLOSE lies on this distribution: 65% of detached houses are smaller than 7 PARSONS CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

7 PARSONS CLOSE: Plot and Title Map

7 PARSONS CLOSE sits on a plot of roughly 0.089 of an acre, or 361m². The below map shows the location of 7 PARSONS 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 PARSONS 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 PARSONS CLOSE?

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