22, THE PIAZZA, LANCASTER, LA1 3FJ - £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.

22 THE PIAZZA is a very large extended terraced house of 157m², built sometime between 1996 and 2002, which could now be worth an estimated £401,613. It was last sold for £290,000 in December 2016, which was around 141% above the average December 2016 terraced price in the Lancaster local authority area. The most recent EPC inspection was September 2016, where the current energy rating was C, and the potential energy rating was B.

22 THE PIAZZA Sold Prices

Land registry data shows three sales for 22 THE PIAZZA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. All of the three 22 THE PIAZZA 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
2016 15 DEC	£290,000	£120,151	141% above HPI
2003 6 MAY	£200,000	£63,442	215% above HPI
2000 22 SEP	£152,000	£40,567	275% above HPI

22 THE PIAZZA 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 three 22 THE PIAZZA sales between September 2000 and December 2016 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 May 2003 sale was for 215% above the HPI. So the extrapolation line tracks at 215% above the HPI over time, until the December 2016 sale, where it falls to 141% above the HPI. The line then continues to track at 141% above the HPI.

What might 22 THE PIAZZA be worth now?

22 THE PIAZZA might now be worth an estimated £401,613.

This is based on house price inflation of 38.5%, between December 2016 and June 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 38.5% inflationary increase is applied to the most recent sale price for 22 THE PIAZZA of £290,000 on 15th December 2016. For the value to have increased from £290,000 to £401,613 over the nine years and six months to June 2025, the following assumptions must hold true:

• The value of 22 THE PIAZZA has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The December 2016 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 22 THE PIAZZA has not materially changed since December 2016.

How Large is 22 THE PIAZZA?

22 THE PIAZZA is 157m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of terraced houses houses in Lancaster, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Lancaster, and where 22 THE PIAZZA lies on this distribution: 80% of terraced houses houses are smaller than 22 THE PIAZZA, and 19% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

22 THE PIAZZA: Plot and Title Map

22 THE PIAZZA sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 22 THE PIAZZA, 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 22 THE PIAZZA). 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 22 THE PIAZZA?

22 THE PIAZZA is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 22 on THE PIAZZA.