1, MICHAELSON AVENUE, MORECAMBE, LA4 6SD - £187,500

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 MICHAELSON AVENUE is a very small detached house of 71m², built sometime between 1950 and 1966. It was last sold for £187,500 in June 2014, which was around 19% below the average June 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

1 MICHAELSON AVENUE Sold Prices

Land registry data shows two sales for 1 MICHAELSON AVENUE 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 1 MICHAELSON AVENUE 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
2014 5 JUN	£187,500	£230,936	19% below HPI
2007 10 AUG	£144,000	£237,590	39% below HPI

1 MICHAELSON AVENUE 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 two 1 MICHAELSON AVENUE sales from August 2007 and June 2014 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 August 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the June 2014 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 1 MICHAELSON AVENUE?

1 MICHAELSON AVENUE is 71m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 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 MICHAELSON AVENUE lies on this distribution: 13% of detached houses are smaller than 1 MICHAELSON AVENUE, and 87% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 MICHAELSON AVENUE: Plot and Title Map

1 MICHAELSON AVENUE sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of 1 MICHAELSON AVENUE, 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 MICHAELSON AVENUE). 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 MICHAELSON AVENUE?

1 MICHAELSON AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 1 on MICHAELSON AVENUE.