8, LEVENS CLOSE, LANCASTER, LA1 5UL - £182,500

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.

8 LEVENS CLOSE is a very small detached house of 87m², built sometime between 1983 and 1990, which could now be worth an estimated £283,553. It was last sold for £182,500 in January 2013, which was around 15% below the average January 2013 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was B.

8 LEVENS CLOSE Sold Prices

Land registry data shows four sales for 8 LEVENS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 8 LEVENS 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
2013 25 JAN	£182,500	£214,149	15% below HPI
2006 15 DEC	£175,000	£216,811	19% below HPI
2004 30 JUL	£170,000	£189,861	10% below HPI
1995 24 MAR	£63,000	£77,573	19% below HPI

8 LEVENS 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 four 8 LEVENS CLOSE sales between March 1995 and January 2013 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 December 2006 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2013 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 LEVENS CLOSE be worth now?

8 LEVENS CLOSE might now be worth an estimated £283,553.

This is based on house price inflation of 55.4%, between January 2013 and April 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 55.4% inflationary increase is applied to the most recent sale price for 8 LEVENS CLOSE of £182,500 on 25th January 2013. For the value to have increased from £182,500 to £283,553 over the twelve years and nine months to April 2026, the following assumptions must hold true:

• The value of 8 LEVENS CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The January 2013 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 8 LEVENS CLOSE has not materially changed since January 2013.

How Large is 8 LEVENS CLOSE?

8 LEVENS CLOSE is 87m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 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 8 LEVENS CLOSE lies on this distribution: 14% of detached houses houses are smaller than 8 LEVENS CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

8 LEVENS CLOSE: Plot and Title Map

8 LEVENS CLOSE sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 8 LEVENS 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 8 LEVENS 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 8 LEVENS CLOSE?

8 LEVENS CLOSE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 8 on LEVENS CLOSE.