3, GRANT CLOSE, LANCASTER, LA1 5EL - £290,000

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.

3 GRANT CLOSE is a midsized extended detached house of 114m², built sometime between 1976 and 1982, which could now be worth an estimated £380,556. It was last sold for £290,000 in February 2019, which was around 14% above the average February 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

3 GRANT CLOSE Sold Prices

Land registry data shows one sale for 3 GRANT CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Lancaster local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 15 FEB	£290,000	£253,604	14% above HPI

What might 3 GRANT CLOSE be worth now?

3 GRANT CLOSE might now be worth an estimated £380,556.

This is based on house price inflation of 31.2%, between February 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 31.2% inflationary increase is applied to the most recent sale price for 3 GRANT CLOSE of £290,000 on 15th February 2019. For the value to have increased from £290,000 to £380,556 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of 3 GRANT CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2019 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 3 GRANT CLOSE has not materially changed since February 2019.

How Large is 3 GRANT CLOSE?

3 GRANT CLOSE is 114m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 50% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 3 GRANT CLOSE lies on this distribution: 42% of detached houses are smaller than 3 GRANT CLOSE, and 57% of detached houses are larger. Note that EPC data is not available for all properties in Lancaster.

3 GRANT CLOSE: Plot

3 GRANT CLOSE sits on a plot of roughly 0.075 of an acre, or 302m².

Where is 3 GRANT CLOSE?

3 GRANT CLOSE is located in LANCASTER, in the LA1 postcode district.