1, PICCADILLY GROVE, LANCASTER, LA1 4PP - £287,500

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.

1 PICCADILLY GROVE is a very large detached house of 208m², built sometime between 1983 and 1990, which could now be worth an estimated £418,305. It was last sold for £287,500 in August 2008, which was around 26% above the average August 2008 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

1 PICCADILLY GROVE Sold Prices

Land registry data shows three sales for 1 PICCADILLY GROVE 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 1 PICCADILLY GROVE 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 22 AUG	£287,500	£228,729	26% above HPI
2008 22 JUL	£295,000	£229,887	28% above HPI
2001 15 OCT	£182,500	£104,630	74% above HPI

1 PICCADILLY GROVE 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 1 PICCADILLY GROVE sales between October 2001 and August 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 July 2008 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2008 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 1 PICCADILLY GROVE be worth now?

1 PICCADILLY GROVE might now be worth an estimated £418,305.

This is based on house price inflation of 45.5%, between August 2008 and May 2026, 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 45.5% inflationary increase is applied to the most recent sale price for 1 PICCADILLY GROVE of £287,500 on 22nd August 2008. For the value to have increased from £287,500 to £418,305 over the eighteen years and three months to May 2026, the following assumptions must hold true:

• The value of 1 PICCADILLY GROVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2008 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 1 PICCADILLY GROVE has not materially changed since August 2008.

How Large is 1 PICCADILLY GROVE?

1 PICCADILLY GROVE is 208m² according to the EPC inspection conducted in June 2013. 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 1 PICCADILLY GROVE lies on this distribution: 93% of detached houses houses are smaller than 1 PICCADILLY GROVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

1 PICCADILLY GROVE: Plot and Title Map

1 PICCADILLY GROVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 1 PICCADILLY GROVE, 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 1 PICCADILLY GROVE). 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 1 PICCADILLY GROVE?

1 PICCADILLY GROVE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 1 on PICCADILLY GROVE.