COVE LEA, COVE ROAD, SILVERDALE, CARNFORTH, LA5 0SQ - £580,000

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.

COVE LEA is a very large extended semi-detached house of 214m², built sometime before 1900, which could now be worth an estimated £817,099. It was last sold for £580,000 in September 2016, which was around 285% above the average September 2016 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was February 2015, where the current energy rating was C, and the potential energy rating was B.

COVE LEA Sold Prices

Land registry data shows two sales for COVE LEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. Both of the two COVE LEA 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
2016 20 SEP	£580,000	£150,627	285% above HPI
2006 26 MAY	£850,000	£133,702	536% above HPI

COVE LEA Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lancaster local authority area over time, sourced from the HPI. The two COVE LEA sales from May 2006 and September 2016 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 May 2006 sale was for 536% above the HPI. So the extrapolation line tracks at 536% above the HPI over time, until the September 2016 sale, where it falls to 285% above the HPI. The line then continues to track at 285% above the HPI.

What might COVE LEA be worth now?

COVE LEA might now be worth an estimated £817,099.

This is based on house price inflation of 40.9%, between September 2016 and March 2025, for semi-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 40.9% inflationary increase is applied to the most recent sale price for COVE LEA of £580,000 on 20th September 2016. For the value to have increased from £580,000 to £817,099 over the nine years and six months to March 2025, the following assumptions must hold true:

• The value of COVE LEA has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The September 2016 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of COVE LEA has not materially changed since September 2016.

How Large is COVE LEA?

COVE LEA is 214m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 20% of semi-detached houses houses in Silverdale, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Silverdale, and where COVE LEA lies on this distribution: 85% of semi-detached houses houses are smaller than COVE LEA, and 15% of houses are larger. Note that EPC data is not available for all properties in Silverdale.

COVE LEA: Plot and Title Map

COVE LEA sits on a plot of roughly 0.091 of an acre, or 367m². The below map shows the location of COVE LEA, 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 COVE LEA). 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 COVE LEA?

COVE LEA is located on COVE ROAD in SILVERDALE, in the LA5 postcode district. The below map shows the position of COVE LEA on COVE ROAD.