THREEWAYS, CROOK O LUNE, LANCASTER, LA2 9HS - £278,000

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.

THREEWAYS is a small detached house of 101m², built sometime before 1900, which could now be worth an estimated £431,171. It was last sold for £278,000 in February 2014, which was around 29% above the average February 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

THREEWAYS Sold Prices

Land registry data shows two sales for THREEWAYS 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 THREEWAYS 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
2014 7 FEB	£278,000	£215,365	29% above HPI
2010 27 MAY	£235,000	£218,301	8% above HPI

THREEWAYS 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 THREEWAYS sales from May 2010 and February 2014 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 2010 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2014 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might THREEWAYS be worth now?

THREEWAYS might now be worth an estimated £431,171.

This is based on house price inflation of 55.1%, between February 2014 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 55.1% inflationary increase is applied to the most recent sale price for THREEWAYS of £278,000 on 7th February 2014. For the value to have increased from £278,000 to £431,171 over the eleven years to February 2025, the following assumptions must hold true:

• The value of THREEWAYS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2014 sale price of £278,000 represented a fair market value for the property.
• The size, condition, and specification of THREEWAYS has not materially changed since February 2014.

How Large is THREEWAYS?

THREEWAYS is 101m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses houses in Caton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caton, and where THREEWAYS lies on this distribution: 36% of detached houses houses are smaller than THREEWAYS, and 63% of houses are larger. Note that EPC data is not available for all properties in Caton.

THREEWAYS: Plot and Title Map

THREEWAYS sits on a plot of roughly 0.210 of an acre, or 848m². The below map shows the location of THREEWAYS, 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 THREEWAYS). 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 THREEWAYS?

THREEWAYS is located in CROOK O LUNE, in the LA2 postcode district. The below map shows the position of THREEWAYS in CROOK O LUNE.