2, ROYAL OAK MEADOW, HORNBY, LANCASTER, LA2 8LJ - £198,000

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 ROYAL OAK MEADOW is a very small extended terraced house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £267,186. It was last sold for £198,000 in January 2020, which was around 56% above the average January 2020 terraced price in the Lancaster local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

2 ROYAL OAK MEADOW Sold Prices

Land registry data shows two sales for 2 ROYAL OAK MEADOW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Both of the two 2 ROYAL OAK MEADOW 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
2020 16 JAN	£198,000	£126,900	56% above HPI
2012 13 DEC	£125,000	£111,352	12% above HPI

2 ROYAL OAK MEADOW Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lancaster local authority area over time, sourced from the HPI. The two 2 ROYAL OAK MEADOW sales from December 2012 and January 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 December 2012 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the January 2020 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 2 ROYAL OAK MEADOW be worth now?

2 ROYAL OAK MEADOW might now be worth an estimated £267,186.

This is based on house price inflation of 34.9%, between January 2020 and July 2025, for terraced 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 34.9% inflationary increase is applied to the most recent sale price for 2 ROYAL OAK MEADOW of £198,000 on 16th January 2020. For the value to have increased from £198,000 to £267,186 over the four years and six months to July 2025, the following assumptions must hold true:

• The value of 2 ROYAL OAK MEADOW has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The January 2020 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ROYAL OAK MEADOW has not materially changed since January 2020.

How Large is 2 ROYAL OAK MEADOW?

2 ROYAL OAK MEADOW is 90m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of terraced houses houses in Hornby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Hornby, and where 2 ROYAL OAK MEADOW lies on this distribution: 7% of terraced houses houses are smaller than 2 ROYAL OAK MEADOW, and 93% of houses are larger. Note that EPC data is not available for all properties in Hornby.

2 ROYAL OAK MEADOW: Plot and Title Map

2 ROYAL OAK MEADOW sits on a plot of roughly 0.088 of an acre, or 357m². The below map shows the location of 2 ROYAL OAK MEADOW, 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 ROYAL OAK MEADOW). 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 ROYAL OAK MEADOW?

2 ROYAL OAK MEADOW is located in HORNBY, in the LA2 postcode district. The below map shows the position of No. 2 on ROYAL OAK MEADOW.