8, FIFE STREET, LANCASTER, LA1 5TW - £247,500

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

8 FIFE STREET is a small detached house of 110m². It was last sold for £247,500 in October 2020, which was around 13% below the average October 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2017, where the current energy rating was B, and the potential energy rating was A.

8 FIFE STREET Sold Prices

Land registry data shows two sales for 8 FIFE STREET 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 8 FIFE STREET 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
2020 29 OCT	£247,500	£282,979	13% below HPI
2017 14 DEC	£229,995	£251,566	9% below HPI

8 FIFE STREET 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 8 FIFE STREET sales from December 2017 and October 2020 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 2017 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2020 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 8 FIFE STREET?

8 FIFE STREET is 110m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 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 8 FIFE STREET lies on this distribution: 35% of detached houses are smaller than 8 FIFE STREET, and 61% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

8 FIFE STREET: Plot and Title Map

8 FIFE STREET sits on a plot of roughly 2.2 acres, or 8,776m². The below map shows the location of 8 FIFE STREET, 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 FIFE STREET). 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 FIFE STREET?

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