7, WASHINGTON CLOSE, LANCASTER, LA1 5EX - £223,000

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 WASHINGTON CLOSE is a small extended detached house of 110m², built sometime between 1976 and 1982, which could now be worth an estimated £334,807. It was last sold for £223,000 in August 2010, which was around 1% above the average August 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2010, where the current energy rating was C, and the potential energy rating was C.

7 WASHINGTON CLOSE Sold Prices

Land registry data shows one sale for 7 WASHINGTON 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
2010 23 AUG	£223,000	£221,660	1% above HPI

What might 7 WASHINGTON CLOSE be worth now?

7 WASHINGTON CLOSE might now be worth an estimated £334,807.

This is based on house price inflation of 50.1%, between August 2010 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 50.1% inflationary increase is applied to the most recent sale price for 7 WASHINGTON CLOSE of £223,000 on 23rd August 2010. For the value to have increased from £223,000 to £334,807 over the sixteen years and three months to May 2026, the following assumptions must hold true:

• The value of 7 WASHINGTON CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2010 sale price of £223,000 represented a fair market value for the property.
• The size, condition, and specification of 7 WASHINGTON CLOSE has not materially changed since August 2010.

How Large is 7 WASHINGTON CLOSE?

7 WASHINGTON CLOSE is 110m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the smallest 40% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 7 WASHINGTON CLOSE lies on this distribution: 35% of detached houses are smaller than 7 WASHINGTON CLOSE, and 62% of detached houses are larger. Note that EPC data is not available for all properties in Lancaster.

7 WASHINGTON CLOSE: Plot

7 WASHINGTON CLOSE sits on a plot of roughly 0.054 of an acre, or 218m².

Where is 7 WASHINGTON CLOSE?

7 WASHINGTON CLOSE is located in LANCASTER, in the LA1 postcode district.