5, LOCKA LANE, LANCASTER, LA1 2JQ - £167,000

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.

5 LOCKA LANE is a small detached house of 109m², built sometime between 1967 and 1975, which could now be worth an estimated £213,155. It was last sold for £167,000 in December 2019, which was around 36% below the average December 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2010, where the current energy rating was F, and the potential energy rating was E.

5 LOCKA LANE Sold Prices

Land registry data shows three sales for 5 LOCKA LANE 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 5 LOCKA LANE 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
2019 16 DEC	£167,000	£260,734	36% below HPI
2011 19 OCT	£163,000	£212,086	23% below HPI
2000 29 FEB	£62,500	£86,131	27% below HPI

5 LOCKA LANE 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 5 LOCKA LANE sales between February 2000 and December 2019 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 2011 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the December 2019 sale, where it falls to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might 5 LOCKA LANE be worth now?

5 LOCKA LANE might now be worth an estimated £213,155.

This is based on house price inflation of 27.6%, between December 2019 and May 2026, for detached 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 27.6% inflationary increase is applied to the most recent sale price for 5 LOCKA LANE of £167,000 on 16th December 2019. For the value to have increased from £167,000 to £213,155 over the seven years and seven months to May 2026, the following assumptions must hold true:

• The value of 5 LOCKA LANE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The December 2019 sale price of £167,000 represented a fair market value for the property.
• The size, condition, and specification of 5 LOCKA LANE has not materially changed since December 2019.

How Large is 5 LOCKA LANE?

5 LOCKA LANE is 109m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 40% of detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 5 LOCKA LANE lies on this distribution: 33% of detached houses houses are smaller than 5 LOCKA LANE, and 65% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

5 LOCKA LANE: Plot and Title Map

5 LOCKA LANE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 5 LOCKA LANE, 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 5 LOCKA LANE). 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 5 LOCKA LANE?

5 LOCKA LANE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 5 on LOCKA LANE.