27, VERNON PARK, GALGATE, LANCASTER, LA2 0LR - £240,000

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.

27 VERNON PARK is a very small extended terraced house of 99m², built sometime between 1950 and 1966, which could now be worth an estimated £241,573. It was last sold for £240,000 in November 2022, which was around 40% above the average November 2022 terraced price in the Lancaster local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

27 VERNON PARK Sold Prices

Land registry data shows four sales for 27 VERNON PARK since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Most of the four 27 VERNON PARK 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
2022 1 NOV	£240,000	£171,522	40% above HPI
2014 29 OCT	£156,000	£116,321	34% above HPI
2006 21 NOV	£155,000	£113,277	37% above HPI
2002 15 NOV	£34,510	£57,707	40% below HPI

27 VERNON PARK 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 four 27 VERNON PARK sales between November 2002 and November 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 October 2014 sale was for 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2022 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 27 VERNON PARK be worth now?

27 VERNON PARK might now be worth an estimated £241,573.

This is based on house price inflation of 0.7%, between November 2022 and May 2026, 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 0.7% inflationary increase is applied to the most recent sale price for 27 VERNON PARK of £240,000 on 1st November 2022. For the value to have increased from £240,000 to £241,573 over the four years and six months to May 2026, the following assumptions must hold true:

• The value of 27 VERNON PARK has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The November 2022 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 27 VERNON PARK has not materially changed since November 2022.

How Large is 27 VERNON PARK?

27 VERNON PARK is 99m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of terraced houses houses in Galgate, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Galgate, and where 27 VERNON PARK lies on this distribution: 16% of terraced houses houses are smaller than 27 VERNON PARK, and 84% of houses are larger. Note that EPC data is not available for all properties in Galgate.

27 VERNON PARK: Plot and Title Map

27 VERNON PARK sits on a plot of roughly 0.112 of an acre, or 452m². The below map shows the location of 27 VERNON PARK, 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 27 VERNON PARK). 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 27 VERNON PARK?

27 VERNON PARK is located in GALGATE, in the LA2 postcode district. The below map shows the position of No. 27 on VERNON PARK.