8, ROOSEVELT AVENUE, LANCASTER, LA1 5EJ - £225,000

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 ROOSEVELT AVENUE is a very small detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £344,276. It was last sold for £225,000 in May 2010, which was around 3% above the average May 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

8 ROOSEVELT AVENUE Sold Prices

Land registry data shows two sales for 8 ROOSEVELT AVENUE 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 8 ROOSEVELT AVENUE sales was for above 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
2010 28 MAY	£225,000	£218,301	3% above HPI
2006 30 AUG	£212,500	£217,338	2% below HPI

8 ROOSEVELT AVENUE 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 ROOSEVELT AVENUE sales from August 2006 and May 2010 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 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2010 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 8 ROOSEVELT AVENUE be worth now?

8 ROOSEVELT AVENUE might now be worth an estimated £344,276.

This is based on house price inflation of 53%, between May 2010 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 53% inflationary increase is applied to the most recent sale price for 8 ROOSEVELT AVENUE of £225,000 on 28th May 2010. For the value to have increased from £225,000 to £344,276 over the fifteen years and three months to February 2025, the following assumptions must hold true:

• The value of 8 ROOSEVELT AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The May 2010 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ROOSEVELT AVENUE has not materially changed since May 2010.

How Large is 8 ROOSEVELT AVENUE?

8 ROOSEVELT AVENUE is 83m² according to the EPC inspection conducted in August 2009. This puts it in the smallest 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 ROOSEVELT AVENUE lies on this distribution: 11% of detached houses houses are smaller than 8 ROOSEVELT AVENUE, and 89% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

8 ROOSEVELT AVENUE: Plot and Title Map

8 ROOSEVELT AVENUE sits on a plot of roughly 0.112 of an acre, or 454m². The below map shows the location of 8 ROOSEVELT AVENUE, 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 ROOSEVELT AVENUE). 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 ROOSEVELT AVENUE?

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