5, THE SPINNEY, LANCASTER, LA1 4JQ - £297,000

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 THE SPINNEY is a very small extended detached house of 76m², built sometime between 1996 and 2002, which could now be worth an estimated £283,213. It was last sold for £297,000 in September 2024, which was around 12% below the average September 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2021, where the current energy rating was C, and the potential energy rating was B.

5 THE SPINNEY Sold Prices

Land registry data shows two sales for 5 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Both of the two 5 THE SPINNEY 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
2024 2 SEP	£297,000	£337,758	12% below HPI
2021 19 FEB	£230,000	£280,980	18% below HPI

5 THE SPINNEY 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 two 5 THE SPINNEY sales from February 2021 and September 2024 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 February 2021 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 THE SPINNEY be worth now?

5 THE SPINNEY might now be worth an estimated £283,213.

This is based on house price deflation of 4.6%, between September 2024 and June 2025, 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 4.6% deflationary decrease is applied to the most recent sale price for 5 THE SPINNEY of £297,000 on 2nd September 2024. For the value to have decreased from £297,000 to £283,213 over the one year and three months to June 2025, the following assumptions must hold true:

• The value of 5 THE SPINNEY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2024 sale price of £297,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE SPINNEY has not materially changed since September 2024.

How Large is 5 THE SPINNEY?

5 THE SPINNEY is 76m², which includes one extension, according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% 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 THE SPINNEY lies on this distribution: 6% of detached houses houses are smaller than 5 THE SPINNEY, and 93% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

5 THE SPINNEY: Plot and Title Map

5 THE SPINNEY sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 5 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

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