9, PARSONS CLOSE, LANCASTER, LA1 5FQ - £400,000

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.

9 PARSONS CLOSE is a very large detached house of 169m², built sometime between 2003 and 2006, which could now be worth an estimated £617,843. It was last sold for £400,000 in November 2010, which was around 85% above the average November 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

9 PARSONS CLOSE Sold Prices

Land registry data shows two sales for 9 PARSONS CLOSE 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 9 PARSONS CLOSE 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
2010 19 NOV	£400,000	£216,253	85% above HPI
2004 29 APR	£249,999	£174,803	43% above HPI

9 PARSONS CLOSE 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 9 PARSONS CLOSE sales from April 2004 and November 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 April 2004 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the November 2010 sale, where it rises to 85% above the HPI. The line then continues to track at 85% above the HPI.

What might 9 PARSONS CLOSE be worth now?

9 PARSONS CLOSE might now be worth an estimated £617,843.

This is based on house price inflation of 54.5%, between November 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 54.5% inflationary increase is applied to the most recent sale price for 9 PARSONS CLOSE of £400,000 on 19th November 2010. For the value to have increased from £400,000 to £617,843 over the fifteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 9 PARSONS CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2010 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PARSONS CLOSE has not materially changed since November 2010.

How Large is 9 PARSONS CLOSE?

9 PARSONS CLOSE is 169m² according to the EPC inspection conducted in March 2016. 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 9 PARSONS CLOSE lies on this distribution: 84% of detached houses houses are smaller than 9 PARSONS CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

9 PARSONS CLOSE: Plot and Title Map

9 PARSONS CLOSE sits on a plot of roughly 0.143 of an acre, or 579m². The below map shows the location of 9 PARSONS 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 9 PARSONS 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 9 PARSONS CLOSE?

9 PARSONS CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 9 on PARSONS CLOSE.