7, WELL LANE, WARTON, CARNFORTH, LA5 9QZ - £290,000

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 WELL LANE is a small extended detached house of 116m², built sometime between 1976 and 1982. It was last sold for £290,000 in May 2021, which was about the average May 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

7 WELL LANE Sold Prices

Land registry data shows two sales for 7 WELL LANE 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. One of the two 7 WELL LANE sales was roughly equal to the average price, whilst the other was 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
2021 7 MAY	£290,000	£290,262	Close to HPI
2013 18 DEC	£222,000	£223,637	1% below HPI

7 WELL 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 two 7 WELL LANE sales from December 2013 and May 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 December 2013 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the May 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 7 WELL LANE?

7 WELL LANE is 116m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 40% of detached houses in Warton, based on EPC data. The below chart shows the distribution of detached houses by size in Warton, and where 7 WELL LANE lies on this distribution: 35% of detached houses are smaller than 7 WELL LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Warton.

7 WELL LANE: Plot and Title Map

7 WELL LANE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 7 WELL 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 WELL 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 WELL LANE?

7 WELL LANE is located in WARTON, in the LA5 postcode district. The below map shows the position of No. 7 on WELL LANE.