4, LOW MILL, CATON, LANCASTER, LA2 9HY - £425,000

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.

4 LOW MILL is a very large terraced house of 195m², built sometime between 1991 and 1995, which could now be worth an estimated £481,373. It was last sold for £425,000 in December 2021, which was around 179% above the average December 2021 terraced price in the Lancaster local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

4 LOW MILL Sold Prices

Land registry data shows three sales for 4 LOW MILL 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 4 LOW MILL 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
2021 14 DEC	£425,000	£152,493	179% above HPI
2015 24 APR	£340,000	£113,834	199% above HPI
1996 23 OCT	£142,500	£35,612	300% above HPI

4 LOW MILL 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 4 LOW MILL sales between October 1996 and December 2021 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 April 2015 sale was for 199% above the HPI. So the extrapolation line tracks at 199% above the HPI over time, until the December 2021 sale, where it falls to 179% above the HPI. The line then continues to track at 179% above the HPI.

What might 4 LOW MILL be worth now?

4 LOW MILL might now be worth an estimated £481,373.

This is based on house price inflation of 13.3%, between December 2021 and April 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 13.3% inflationary increase is applied to the most recent sale price for 4 LOW MILL of £425,000 on 14th December 2021. For the value to have increased from £425,000 to £481,373 over the five years and eight months to April 2026, the following assumptions must hold true:

• The value of 4 LOW MILL has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The December 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LOW MILL has not materially changed since December 2021.

How Large is 4 LOW MILL?

4 LOW MILL is 195m² according to the EPC inspection conducted in June 2014. This puts it in the largest 10% of terraced houses houses in Caton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Caton, and where 4 LOW MILL lies on this distribution: 90% of terraced houses houses are smaller than 4 LOW MILL, and 9% of houses are larger. Note that EPC data is not available for all properties in Caton.

4 LOW MILL: Plot and Title Map

4 LOW MILL sits on a plot of roughly 2.2 acres, or 8,709m². The below map shows the location of 4 LOW MILL, 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 4 LOW MILL). 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 4 LOW MILL?

4 LOW MILL is located in CATON, in the LA2 postcode district. The below map shows the position of No. 4 on LOW MILL.