1, CANTERBURY CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RD - £197,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 CANTERBURY CLOSE is a small detached house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £230,351. It was last sold for £197,500 in August 2021, which was around 31% below the average August 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2013, where the current energy rating was E, and the potential energy rating was B.

1 CANTERBURY CLOSE Sold Prices

Land registry data shows three sales for 1 CANTERBURY 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. All of the three 1 CANTERBURY 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
2021 4 AUG	£197,500	£286,390	31% below HPI
2006 27 OCT	£161,000	£219,463	27% below HPI
1997 18 MAR	£55,000	£74,137	26% below HPI

1 CANTERBURY 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 1 CANTERBURY CLOSE sales between March 1997 and August 2021 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 October 2006 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2021 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 1 CANTERBURY CLOSE be worth now?

1 CANTERBURY CLOSE might now be worth an estimated £230,351.

This is based on house price inflation of 16.6%, between August 2021 and February 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 16.6% inflationary increase is applied to the most recent sale price for 1 CANTERBURY CLOSE of £197,500 on 4th August 2021. For the value to have increased from £197,500 to £230,351 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 1 CANTERBURY CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2021 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 1 CANTERBURY CLOSE has not materially changed since August 2021.

How Large is 1 CANTERBURY CLOSE?

1 CANTERBURY CLOSE is 81m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 30% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 1 CANTERBURY CLOSE lies on this distribution: 27% of detached houses houses are smaller than 1 CANTERBURY CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 CANTERBURY CLOSE: Plot and Title Map

1 CANTERBURY CLOSE sits on a plot of roughly 0.589 of an acre, or 2,383m². The below map shows the location of 1 CANTERBURY 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 1 CANTERBURY 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 1 CANTERBURY CLOSE?

1 CANTERBURY CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 1 on CANTERBURY CLOSE.