BANK HOUSE, ASHTON ROAD, LANCASTER, LA1 5AZ - £589,000

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

BANK HOUSE is a very large extended detached house of 200m², built sometime before 1900. It was last sold for £589,000 in October 2019, which was around 119% above the average October 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.

BANK HOUSE Sold Prices

Land registry data shows two sales for BANK HOUSE 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 BANK HOUSE 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
2019 21 OCT	£589,000	£269,056	119% above HPI
2002 27 JUN	£285,250	£114,177	150% above HPI

BANK HOUSE 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 BANK HOUSE sales from June 2002 and October 2019 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 June 2002 sale was for 150% above the HPI. So the extrapolation line tracks at 150% above the HPI over time, until the October 2019 sale, where it falls to 119% above the HPI. The line then continues to track at 119% above the HPI.

How Large is BANK HOUSE?

BANK HOUSE is 200m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the largest 10% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where BANK HOUSE lies on this distribution: 92% of detached houses are smaller than BANK HOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

BANK HOUSE: Plot and Title Map

BANK HOUSE sits on a plot of roughly 0.379 of an acre, or 1,534m². The below map shows the location of BANK HOUSE, 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 BANK HOUSE). 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 BANK HOUSE?

BANK HOUSE is located on ASHTON ROAD in LANCASTER, in the LA1 postcode district. The below map shows the position of BANK HOUSE on ASHTON ROAD.