2, CRAG BANK ROAD, CARNFORTH, LA5 9EG - £270,000

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 CRAG BANK ROAD is a large extended detached house of 117m², built sometime between 1967 and 1975, which could now be worth an estimated £325,117. It was last sold for £270,000 in December 2020, which was around 2% below the average December 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

2 CRAG BANK ROAD Sold Prices

Land registry data shows two sales for 2 CRAG BANK ROAD 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. One of the two 2 CRAG BANK ROAD sales was for below the average price, whilst the other was 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
2020 2 DEC	£270,000	£276,376	2% below HPI
1998 12 JUN	£94,950	£79,965	19% above HPI

2 CRAG BANK ROAD 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 2 CRAG BANK ROAD sales from June 1998 and December 2020 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 June 1998 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the December 2020 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 2 CRAG BANK ROAD be worth now?

2 CRAG BANK ROAD might now be worth an estimated £325,117.

This is based on house price inflation of 20.4%, between December 2020 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 20.4% inflationary increase is applied to the most recent sale price for 2 CRAG BANK ROAD of £270,000 on 2nd December 2020. For the value to have increased from £270,000 to £325,117 over the six years and seven months to May 2026, the following assumptions must hold true:

• The value of 2 CRAG BANK ROAD has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The December 2020 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CRAG BANK ROAD has not materially changed since December 2020.

How Large is 2 CRAG BANK ROAD?

2 CRAG BANK ROAD is 117m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 30% 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 CRAG BANK ROAD lies on this distribution: 76% of detached houses houses are smaller than 2 CRAG BANK ROAD, and 22% of houses are larger. Note that EPC data is not available for all properties in Carnforth.

2 CRAG BANK ROAD: Plot and Title Map

2 CRAG BANK ROAD sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 2 CRAG BANK ROAD, 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 CRAG BANK ROAD). 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 CRAG BANK ROAD?

2 CRAG BANK ROAD is located in CARNFORTH, in the LA5 postcode district. The below map shows the position of No. 2 on CRAG BANK ROAD.