12, PIERCE CLOSE, LANCASTER, LA1 5EQ - £245,000

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.

12 PIERCE CLOSE is a midsized detached house of 117m², built sometime between 1976 and 1982, which could now be worth an estimated £373,106. It was last sold for £245,000 in November 2008, which was around 12% above the average November 2008 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

12 PIERCE CLOSE Sold Prices

Land registry data shows one sale for 12 PIERCE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Lancaster local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2008 28 NOV	£245,000	£218,530	12% above HPI

What might 12 PIERCE CLOSE be worth now?

12 PIERCE CLOSE might now be worth an estimated £373,106.

This is based on house price inflation of 52.3%, between November 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 52.3% inflationary increase is applied to the most recent sale price for 12 PIERCE CLOSE of £245,000 on 28th November 2008. For the value to have increased from £245,000 to £373,106 over the eighteen years and six months to May 2026, the following assumptions must hold true:

• The value of 12 PIERCE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2008 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PIERCE CLOSE has not materially changed since November 2008.

How Large is 12 PIERCE CLOSE?

12 PIERCE CLOSE is 117m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 50% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 12 PIERCE CLOSE lies on this distribution: 47% of detached houses are smaller than 12 PIERCE CLOSE, and 53% of detached houses are larger. Note that EPC data is not available for all properties in Lancaster.

12 PIERCE CLOSE: Plot

12 PIERCE CLOSE sits on a plot of roughly 0.104 of an acre, or 420m².

Where is 12 PIERCE CLOSE?

12 PIERCE CLOSE is located in LANCASTER, in the LA1 postcode district.