1, WELLS CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RS - £120,000

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 WELLS CLOSE is a very small semi-detached house of 66m², built sometime between 1996 and 2002. It was last sold for £120,000 in April 2010, which was around 46% below the average April 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

1 WELLS CLOSE Sold Prices

Land registry data shows two sales for 1 WELLS CLOSE 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 WELLS 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
2010 16 APR	£120,000	£222,383	46% below HPI
1999 22 DEC	£56,000	£89,064	37% below HPI

1 WELLS 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 two 1 WELLS CLOSE sales from December 1999 and April 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 December 1999 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the April 2010 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 1 WELLS CLOSE?

1 WELLS CLOSE is 66m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 10% 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 WELLS CLOSE lies on this distribution: 8% of detached houses are smaller than 1 WELLS CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 WELLS CLOSE: Plot and Title Map

1 WELLS CLOSE sits on a plot of roughly 0.045 of an acre, or 180m². The below map shows the location of 1 WELLS 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 WELLS 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 WELLS CLOSE?

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