1, CLEVELANDS GROVE, MORECAMBE, LA3 1SY - £169,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CLEVELANDS GROVE is a very large extended detached house of 162m², built sometime between 1930 and 1949. It was last sold for £169,000 in August 2016, which was around 31% below the average August 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2016, where the current energy rating was D, and the potential energy rating was C.

1 CLEVELANDS GROVE Sold Prices

Land registry data shows three sales for 1 CLEVELANDS GROVE 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. Two of the three 1 CLEVELANDS GROVE sales were for below the average price, whilst one was 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
2016 16 AUG	£169,000	£245,587	31% below HPI
2004 28 MAY	£140,000	£185,661	25% below HPI
1999 6 DEC	£132,000	£89,064	48% above HPI

1 CLEVELANDS GROVE 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 CLEVELANDS GROVE sales between December 1999 and August 2016 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 May 2004 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the August 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 1 CLEVELANDS GROVE?

1 CLEVELANDS GROVE is 162m², which includes one extension, according to the EPC inspection conducted in June 2016. This puts it in the largest 20% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 1 CLEVELANDS GROVE lies on this distribution: 88% of detached houses are smaller than 1 CLEVELANDS GROVE, and 11% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 CLEVELANDS GROVE: Plot and Title Map

1 CLEVELANDS GROVE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of 1 CLEVELANDS GROVE, 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 CLEVELANDS GROVE). 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 CLEVELANDS GROVE?

1 CLEVELANDS GROVE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 1 on CLEVELANDS GROVE.