5, PIERCE CLOSE, LANCASTER, LA1 5EQ - £147,000

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 PIERCE CLOSE is a detached house, which could now be worth an estimated £463,125. It was last sold for £147,000 in April 2002, which was around 39% above the average April 2002 detached price in the Lancaster local authority area.

5 PIERCE CLOSE Sold Prices

Land registry data shows two sales for 5 PIERCE CLOSE 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 PIERCE CLOSE sales were for above 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
2002 17 APR	£147,000	£105,632	39% above HPI
1998 24 APR	£85,000	£81,110	5% above HPI

What might 5 PIERCE CLOSE be worth now?

5 PIERCE CLOSE might now be worth an estimated £463,125.

This is based on house price inflation of 215.1%, between April 2002 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 215.1% inflationary increase is applied to the most recent sale price for 5 PIERCE CLOSE of £147,000 on 17th April 2002. For the value to have increased from £147,000 to £463,125 over the 23 years and eleven months to May 2026, the following assumptions must hold true:

• The value of 5 PIERCE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The April 2002 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of 5 PIERCE CLOSE has not materially changed since April 2002.

Where is 5 PIERCE CLOSE?

5 PIERCE CLOSE is located in LANCASTER, in the LA1 postcode district.