PEAR TREE BARN, GALGATE, LANCASTER, LA2 0LQ - £410,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PEAR TREE BARN is a very large extended detached house of 169m², built sometime between 1991 and 1995, which could now be worth an estimated £582,034. It was last sold for £410,000 in January 2008, which was around 73% above the average January 2008 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was C.

PEAR TREE BARN Sold Prices

Land registry data shows two sales for PEAR TREE BARN 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 PEAR TREE BARN 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
2008 29 JAN	£410,000	£237,594	73% above HPI
2000 6 OCT	£169,950	£93,262	82% above HPI

PEAR TREE BARN 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 PEAR TREE BARN sales from October 2000 and January 2008 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 October 2000 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the January 2008 sale, where it falls to 73% above the HPI. The line then continues to track at 73% above the HPI.

What might PEAR TREE BARN be worth now?

PEAR TREE BARN might now be worth an estimated £582,034.

This is based on house price inflation of 42%, between January 2008 and December 2024, 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 42% inflationary increase is applied to the most recent sale price for PEAR TREE BARN of £410,000 on 29th January 2008. For the value to have increased from £410,000 to £582,034 over the fifteen years and one month to December 2024, the following assumptions must hold true:

• The value of PEAR TREE BARN has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The January 2008 sale price of £410,000 represented a fair market value for the property.
• The size, condition, and specification of PEAR TREE BARN has not materially changed since January 2008.

How Large is PEAR TREE BARN?

PEAR TREE BARN is 169m², which includes two extensions, according to the EPC inspection conducted in May 2024. This puts it in the largest 10% of detached houses houses in Galgate, based on EPC data. The below chart shows the distribution of detached houses houses by size in Galgate, and where PEAR TREE BARN lies on this distribution: 98% of detached houses houses are smaller than PEAR TREE BARN, and 2% of houses are larger. Note that EPC data is not available for all properties in Galgate.

PEAR TREE BARN: Plot and Title Map

PEAR TREE BARN sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of PEAR TREE BARN, 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 PEAR TREE BARN). 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 PEAR TREE BARN?

PEAR TREE BARN is located in GALGATE, in the LA2 postcode district. The below map shows the position of PEAR TREE BARN in GALGATE.