7, THE SPINNEY, LANCASTER, LA1 4JQ - £255,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 THE SPINNEY is a very small detached house of 58m², built sometime between 1983 and 1990, which could now be worth an estimated £251,271. It was last sold for £255,000 in August 2023, which was around 25% below the average August 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

7 THE SPINNEY Sold Prices

Land registry data shows three sales for 7 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 7 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
2023 31 AUG	£255,000	£338,983	25% below HPI
2010 12 AUG	£195,000	£221,660	12% below HPI
2002 27 AUG	£88,000	£119,574	26% below HPI

7 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 7 THE SPINNEY sales between August 2002 and August 2023 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 August 2010 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2023 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 7 THE SPINNEY be worth now?

7 THE SPINNEY might now be worth an estimated £251,271.

This is based on house price deflation of 1.5%, between August 2023 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 1.5% deflationary decrease is applied to the most recent sale price for 7 THE SPINNEY of £255,000 on 31st August 2023. For the value to have decreased from £255,000 to £251,271 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 7 THE SPINNEY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2023 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 7 THE SPINNEY has not materially changed since August 2023.

How Large is 7 THE SPINNEY?

7 THE SPINNEY is 58m² according to the EPC inspection conducted in March 2023. 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 7 THE SPINNEY lies on this distribution: 1% of detached houses houses are smaller than 7 THE SPINNEY, and 99% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

7 THE SPINNEY: Plot and Title Map

7 THE SPINNEY sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 7 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 7 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 7 THE SPINNEY?

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