8, CEDARWOOD PLACE, LANCASTER, LA1 3FL - £392,500

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.

8 CEDARWOOD PLACE is a small extended detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £379,430. It was last sold for £392,500 in November 2024, which was around 14% above the average November 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2014, where the current energy rating was E, and the potential energy rating was C.

8 CEDARWOOD PLACE Sold Prices

Land registry data shows three sales for 8 CEDARWOOD PLACE 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 8 CEDARWOOD PLACE 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
2024 11 NOV	£392,500	£345,532	14% above HPI
2024 8 MAR	£410,000	£325,755	26% above HPI
2001 29 JUN	£142,950	£96,931	47% above HPI

8 CEDARWOOD PLACE 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 8 CEDARWOOD PLACE sales between June 2001 and November 2024 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 2024 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the November 2024 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 8 CEDARWOOD PLACE be worth now?

8 CEDARWOOD PLACE might now be worth an estimated £379,430.

This is based on house price deflation of 3.3%, between November 2024 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 3.3% deflationary decrease is applied to the most recent sale price for 8 CEDARWOOD PLACE of £392,500 on 11th November 2024. For the value to have decreased from £392,500 to £379,430 over the one year and nine months to February 2025, the following assumptions must hold true:

• The value of 8 CEDARWOOD PLACE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2024 sale price of £392,500 represented a fair market value for the property.
• The size, condition, and specification of 8 CEDARWOOD PLACE has not materially changed since November 2024.

How Large is 8 CEDARWOOD PLACE?

8 CEDARWOOD PLACE is 97m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the smallest 30% 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 8 CEDARWOOD PLACE lies on this distribution: 21% of detached houses houses are smaller than 8 CEDARWOOD PLACE, and 79% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

8 CEDARWOOD PLACE: Plot and Title Map

8 CEDARWOOD PLACE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 8 CEDARWOOD PLACE, 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 8 CEDARWOOD PLACE). 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 8 CEDARWOOD PLACE?

8 CEDARWOOD PLACE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 8 on CEDARWOOD PLACE.