7, PIERCE CLOSE, LANCASTER, LA1 5EQ - £370,000

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.

7 PIERCE CLOSE is a very large extended detached house of 160m², built sometime between 1976 and 1982, which could now be worth an estimated £353,883. It was last sold for £370,000 in December 2023, which was around 10% above the average December 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2018, where the current energy rating was C, and the potential energy rating was B.

7 PIERCE CLOSE Sold Prices

Land registry data shows three sales for 7 PIERCE 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. Two of the three 7 PIERCE CLOSE sales were for above the average price, whilst one was 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
2023 8 DEC	£370,000	£336,748	10% above HPI
2019 25 JAN	£309,000	£249,945	24% above HPI
2005 12 MAY	£192,500	£195,351	1% below HPI

7 PIERCE 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 7 PIERCE CLOSE sales between May 2005 and December 2023 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 January 2019 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the December 2023 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 7 PIERCE CLOSE be worth now?

7 PIERCE CLOSE might now be worth an estimated £353,883.

This is based on house price deflation of 4.4%, between December 2023 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 4.4% deflationary decrease is applied to the most recent sale price for 7 PIERCE CLOSE of £370,000 on 8th December 2023. For the value to have decreased from £370,000 to £353,883 over the two years and six months to June 2025, the following assumptions must hold true:

• The value of 7 PIERCE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The December 2023 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PIERCE CLOSE has not materially changed since December 2023.

How Large is 7 PIERCE CLOSE?

7 PIERCE CLOSE is 160m², which includes two extensions, according to the EPC inspection conducted in January 2018. This puts it in the largest 20% 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 7 PIERCE CLOSE lies on this distribution: 81% of detached houses houses are smaller than 7 PIERCE CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

7 PIERCE CLOSE: Plot and Title Map

7 PIERCE CLOSE sits on a plot of roughly 0.082 of an acre, or 332m². The below map shows the location of 7 PIERCE 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 7 PIERCE 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 7 PIERCE CLOSE?

7 PIERCE CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 7 on PIERCE CLOSE.