3, BELA CLOSE, LANCASTER, LA1 5TB - £150,000

3 BELA CLOSE is a very small detached house of 89m², built sometime between 1983 and 1990. It was last sold for £150,000 in December 2015, which was around 38% below the average December 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

3 BELA CLOSE Sold Prices

Land registry data shows three sales for 3 BELA CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 3 BELA CLOSE sales were for below 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
2015 18 DEC	£150,000	£243,602	38% below HPI
2014 26 MAY	£135,000	£226,941	41% below HPI
2010 7 OCT	£146,000	£227,309	36% below HPI

3 BELA 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 three 3 BELA CLOSE sales between October 2010 and December 2015 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 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the December 2015 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 3 BELA CLOSE?

3 BELA CLOSE is 89m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 3 BELA CLOSE lies on this distribution: 16% of detached houses are smaller than 3 BELA CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 BELA CLOSE: Plot and Title Map

3 BELA CLOSE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 3 BELA 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 3 BELA 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 3 BELA CLOSE?

3 BELA CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 3 on BELA CLOSE.