HEST BANK FARMHOUSE, MOWBRICK LANE, HEST BANK, LANCASTER, LA2 6DL - £382,000

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.

HEST BANK FARMHOUSE is a large extended detached house of 161m², built sometime before 1900, which could now be worth an estimated £476,298. It was last sold for £382,000 in August 2020, which was around 43% above the average August 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

HEST BANK FARMHOUSE Sold Prices

Land registry data shows three sales for HEST BANK FARMHOUSE 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 HEST BANK FARMHOUSE 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
2020 14 AUG	£382,000	£267,895	43% above HPI
1996 16 AUG	£96,000	£76,259	26% above HPI
1995 8 MAR	£92,500	£77,573	19% above HPI

HEST BANK FARMHOUSE 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 HEST BANK FARMHOUSE sales between March 1995 and August 2020 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 1996 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2020 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might HEST BANK FARMHOUSE be worth now?

HEST BANK FARMHOUSE might now be worth an estimated £476,298.

This is based on house price inflation of 24.7%, between August 2020 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 24.7% inflationary increase is applied to the most recent sale price for HEST BANK FARMHOUSE of £382,000 on 14th August 2020. For the value to have increased from £382,000 to £476,298 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of HEST BANK FARMHOUSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2020 sale price of £382,000 represented a fair market value for the property.
• The size, condition, and specification of HEST BANK FARMHOUSE has not materially changed since August 2020.

How Large is HEST BANK FARMHOUSE?

HEST BANK FARMHOUSE is 161m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 30% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where HEST BANK FARMHOUSE lies on this distribution: 75% of detached houses houses are smaller than HEST BANK FARMHOUSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

HEST BANK FARMHOUSE: Plot and Title Map

HEST BANK FARMHOUSE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of HEST BANK FARMHOUSE, 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 HEST BANK FARMHOUSE). 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 HEST BANK FARMHOUSE?

HEST BANK FARMHOUSE is located on MOWBRICK LANE in HEST BANK, in the LA2 postcode district. The below map shows the position of HEST BANK FARMHOUSE on MOWBRICK LANE.