NORTH LODGE, PARKGATE DRIVE, LANCASTER, LA1 3FN - £560,000

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.

NORTH LODGE is a very large detached house of 210m², built sometime between 1996 and 2002, which could now be worth an estimated £764,712. It was last sold for £560,000 in June 2018, which was around 129% above the average June 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was C.

NORTH LODGE Sold Prices

Land registry data shows two sales for NORTH LODGE 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 NORTH LODGE 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
2018 20 JUN	£560,000	£244,608	129% above HPI
2001 19 JUN	£275,950	£96,931	185% above HPI

NORTH LODGE 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 NORTH LODGE sales from June 2001 and June 2018 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 2001 sale was for 185% above the HPI. So the extrapolation line tracks at 185% above the HPI over time, until the June 2018 sale, where it falls to 129% above the HPI. The line then continues to track at 129% above the HPI.

What might NORTH LODGE be worth now?

NORTH LODGE might now be worth an estimated £764,712.

This is based on house price inflation of 36.6%, between June 2018 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 36.6% inflationary increase is applied to the most recent sale price for NORTH LODGE of £560,000 on 20th June 2018. For the value to have increased from £560,000 to £764,712 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of NORTH LODGE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The June 2018 sale price of £560,000 represented a fair market value for the property.
• The size, condition, and specification of NORTH LODGE has not materially changed since June 2018.

How Large is NORTH LODGE?

NORTH LODGE is 210m² according to the EPC inspection conducted in June 2017. This puts it in the largest 10% 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 NORTH LODGE lies on this distribution: 94% of detached houses houses are smaller than NORTH LODGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

NORTH LODGE: Plot and Title Map

NORTH LODGE sits on a plot of roughly 0.556 of an acre, or 2,250m². The below map shows the location of NORTH LODGE, 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 NORTH LODGE). 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 NORTH LODGE?

NORTH LODGE is located on PARKGATE DRIVE in LANCASTER, in the LA1 postcode district. The below map shows the position of NORTH LODGE on PARKGATE DRIVE.