1, PILGRIMS WAY, MORECAMBE, LA3 3BL - £180,000

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 PILGRIMS WAY is a midsized detached house of 99m², built sometime between 2003 and 2006, which could now be worth an estimated £270,612. It was last sold for £180,000 in July 2010, which was around 19% below the average July 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

1 PILGRIMS WAY Sold Prices

Land registry data shows two sales for 1 PILGRIMS WAY 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 PILGRIMS WAY 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
2010 23 JUL	£180,000	£222,180	19% below HPI
2003 26 SEP	£129,950	£153,626	15% below HPI

1 PILGRIMS WAY 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 PILGRIMS WAY sales from September 2003 and July 2010 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 September 2003 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the July 2010 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 1 PILGRIMS WAY be worth now?

1 PILGRIMS WAY might now be worth an estimated £270,612.

This is based on house price inflation of 50.3%, between July 2010 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 50.3% inflationary increase is applied to the most recent sale price for 1 PILGRIMS WAY of £180,000 on 23rd July 2010. For the value to have increased from £180,000 to £270,612 over the fifteen years and five months to February 2025, the following assumptions must hold true:

• The value of 1 PILGRIMS WAY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2010 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PILGRIMS WAY has not materially changed since July 2010.

How Large is 1 PILGRIMS WAY?

1 PILGRIMS WAY is 99m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 50% 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 PILGRIMS WAY lies on this distribution: 45% of detached houses houses are smaller than 1 PILGRIMS WAY, and 55% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 PILGRIMS WAY: Plot and Title Map

1 PILGRIMS WAY sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 1 PILGRIMS WAY, 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 PILGRIMS WAY). 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 PILGRIMS WAY?

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