8, LANCASTER CLOSE, STEVENAGE, SG1 4RX - £585,000

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

8 LANCASTER CLOSE is a very large detached house of 155m², built sometime between 1991 and 1995, which could now be worth an estimated £596,688. It was last sold for £585,000 in May 2024, which was around 7% below the average May 2024 detached price in the Stevenage local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

8 LANCASTER CLOSE Sold Prices

Land registry data shows three sales for 8 LANCASTER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stevenage local authority area for the corresponding sale date. Two of the three 8 LANCASTER CLOSE sales were for below the average price, whilst one was 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 10 MAY	£585,000	£630,715	7% below HPI
2011 13 DEC	£323,000	£346,464	7% below HPI
1997 21 AUG	£151,000	£117,860	28% above HPI

8 LANCASTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stevenage local authority area over time, sourced from the HPI. The three 8 LANCASTER CLOSE sales between August 1997 and May 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 December 2011 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the May 2024 sale, which was also at 7% below the HPI.

What might 8 LANCASTER CLOSE be worth now?

8 LANCASTER CLOSE might now be worth an estimated £596,688.

This is based on house price inflation of 2%, between May 2024 and February 2025, for detached houses, in the Stevenage local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2% inflationary increase is applied to the most recent sale price for 8 LANCASTER CLOSE of £585,000 on 10th May 2024. For the value to have increased from £585,000 to £596,688 over the one year and three months to February 2025, the following assumptions must hold true:

• The value of 8 LANCASTER CLOSE has moved in line with the HPI for detached houses in the Stevenage local authority area.
• The May 2024 sale price of £585,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LANCASTER CLOSE has not materially changed since May 2024.

How Large is 8 LANCASTER CLOSE?

8 LANCASTER CLOSE is 155m² according to the EPC inspection conducted in November 2023. This puts it in the largest 20% of detached houses houses in Stevenage, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stevenage, and where 8 LANCASTER CLOSE lies on this distribution: 81% of detached houses houses are smaller than 8 LANCASTER CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Stevenage.

8 LANCASTER CLOSE: Plot and Title Map

8 LANCASTER CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 8 LANCASTER 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 8 LANCASTER 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 8 LANCASTER CLOSE?

8 LANCASTER CLOSE is located in STEVENAGE, in the SG1 postcode district. The below map shows the position of No. 8 on LANCASTER CLOSE.