1, ERMINE PLACE, MORECAMBE, LA3 3BU - £183,000

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 ERMINE PLACE is a small extended detached house of 86m², built sometime between 1996 and 2002. It was last sold for £183,000 in July 2006, which was around 16% below the average July 2006 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2023, where the current energy rating was C, and the potential energy rating was B.

1 ERMINE PLACE Sold Prices

Land registry data shows three sales for 1 ERMINE PLACE 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 ERMINE PLACE 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
2006 28 JUL	£183,000	£217,333	16% below HPI
2003 10 OCT	£120,000	£160,799	25% below HPI
2000 15 DEC	£90,995	£98,227	7% below HPI

1 ERMINE PLACE 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 ERMINE PLACE sales between December 2000 and July 2006 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 2003 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2006 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 1 ERMINE PLACE?

1 ERMINE PLACE is 86m², which includes one extension, according to the EPC inspection conducted in July 2023. This puts it in the smallest 40% 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 ERMINE PLACE lies on this distribution: 32% of detached houses are smaller than 1 ERMINE PLACE, and 67% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 ERMINE PLACE: Plot and Title Map

1 ERMINE PLACE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 1 ERMINE PLACE, 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 ERMINE PLACE). 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 ERMINE PLACE?

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