2, BOWLAND CLOSE, CARNFORTH, LA5 9UP - £290,000

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.

2 BOWLAND CLOSE is a small extended detached house of 86m², built sometime between 1991 and 1995, which could now be worth an estimated £302,861. It was last sold for £290,000 in August 2022, which was around 9% below the average August 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

2 BOWLAND CLOSE Sold Prices

Land registry data shows five sales for 2 BOWLAND CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the five 2 BOWLAND CLOSE sales were for below 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
2022 15 AUG	£290,000	£318,597	9% below HPI
2012 27 JAN	£175,000	£214,218	18% below HPI
2009 7 AUG	£160,000	£207,973	23% below HPI
2003 24 OCT	£137,000	£155,979	12% below HPI
2002 8 NOV	£115,000	£128,780	11% below HPI

2 BOWLAND CLOSE 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 five 2 BOWLAND CLOSE sales between November 2002 and August 2022 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 January 2012 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2022 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 BOWLAND CLOSE be worth now?

2 BOWLAND CLOSE might now be worth an estimated £302,861.

This is based on house price inflation of 4.4%, between August 2022 and April 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 4.4% inflationary increase is applied to the most recent sale price for 2 BOWLAND CLOSE of £290,000 on 15th August 2022. For the value to have increased from £290,000 to £302,861 over the four years and four months to April 2026, the following assumptions must hold true:

• The value of 2 BOWLAND CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2022 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BOWLAND CLOSE has not materially changed since August 2022.

How Large is 2 BOWLAND CLOSE?

2 BOWLAND CLOSE is 86m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses houses in Carnforth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Carnforth, and where 2 BOWLAND CLOSE lies on this distribution: 31% of detached houses houses are smaller than 2 BOWLAND CLOSE, and 68% of houses are larger. Note that EPC data is not available for all properties in Carnforth.

2 BOWLAND CLOSE: Plot and Title Map

2 BOWLAND CLOSE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 2 BOWLAND CLOSE, 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 2 BOWLAND CLOSE). 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 2 BOWLAND CLOSE?

2 BOWLAND CLOSE is located in CARNFORTH, in the LA5 postcode district. The below map shows the position of No. 2 on BOWLAND CLOSE.