2, PINEWOOD CLOSE, LANCASTER, LA2 0AD - £415,000

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 PINEWOOD CLOSE is a midsized extended detached house of 123m², built sometime between 1967 and 1975, which could now be worth an estimated £414,733. It was last sold for £415,000 in August 2024, which was around 24% above the average August 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

2 PINEWOOD CLOSE Sold Prices

Land registry data shows two sales for 2 PINEWOOD CLOSE 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 2 PINEWOOD CLOSE 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
2024 16 AUG	£415,000	£334,241	24% above HPI
2019 6 SEP	£330,000	£256,920	28% above HPI

2 PINEWOOD 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 two 2 PINEWOOD CLOSE sales from September 2019 and August 2024 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 September 2019 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the August 2024 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 2 PINEWOOD CLOSE be worth now?

2 PINEWOOD CLOSE might now be worth an estimated £414,733.

This is based on house price deflation of 0.1%, between August 2024 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 0.1% deflationary decrease is applied to the most recent sale price for 2 PINEWOOD CLOSE of £415,000 on 16th August 2024. For the value to have decreased from £415,000 to £414,733 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of 2 PINEWOOD CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2024 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PINEWOOD CLOSE has not materially changed since August 2024.

How Large is 2 PINEWOOD CLOSE?

2 PINEWOOD CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the largest 50% 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 2 PINEWOOD CLOSE lies on this distribution: 54% of detached houses houses are smaller than 2 PINEWOOD CLOSE, and 45% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

2 PINEWOOD CLOSE: Plot and Title Map

2 PINEWOOD CLOSE sits on a plot of roughly 0.153 of an acre, or 621m². The below map shows the location of 2 PINEWOOD 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 PINEWOOD 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 PINEWOOD CLOSE?

2 PINEWOOD CLOSE is located in LANCASTER, in the LA2 postcode district. The below map shows the position of No. 2 on PINEWOOD CLOSE.