8, OAKWOOD GARDENS, LANCASTER, LA1 4PF - £465,000

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 OAKWOOD GARDENS is a very large extended detached house of 170m², built sometime between 1983 and 1990, which could now be worth an estimated £487,519. It was last sold for £465,000 in August 2022, which was around 46% above the average August 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was C.

8 OAKWOOD GARDENS Sold Prices

Land registry data shows three sales for 8 OAKWOOD GARDENS 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 OAKWOOD GARDENS 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
2022 12 AUG	£465,000	£318,597	46% above HPI
2003 20 AUG	£250,000	£151,633	65% above HPI
1998 20 FEB	£130,000	£78,308	66% above HPI

8 OAKWOOD GARDENS 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 OAKWOOD GARDENS sales between February 1998 and August 2022 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 2003 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the August 2022 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 8 OAKWOOD GARDENS be worth now?

8 OAKWOOD GARDENS might now be worth an estimated £487,519.

This is based on house price inflation of 4.8%, between August 2022 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 4.8% inflationary increase is applied to the most recent sale price for 8 OAKWOOD GARDENS of £465,000 on 12th August 2022. For the value to have increased from £465,000 to £487,519 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 8 OAKWOOD GARDENS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2022 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 8 OAKWOOD GARDENS has not materially changed since August 2022.

How Large is 8 OAKWOOD GARDENS?

8 OAKWOOD GARDENS is 170m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 20% 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 OAKWOOD GARDENS lies on this distribution: 85% of detached houses houses are smaller than 8 OAKWOOD GARDENS, and 15% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

8 OAKWOOD GARDENS: Plot and Title Map

8 OAKWOOD GARDENS sits on a plot of roughly 0.206 of an acre, or 834m². The below map shows the location of 8 OAKWOOD GARDENS, 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 OAKWOOD GARDENS). 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 OAKWOOD GARDENS?

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