114A, BALMORAL ROAD, MORECAMBE, LA3 1ST - £175,000

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

114A BALMORAL ROAD is a midsized detached house of 103m², built sometime between 1967 and 1975. It was last sold for £175,000 in December 2023, which was around 50% below the average December 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

114A BALMORAL ROAD Sold Prices

Land registry data shows two sales for 114A BALMORAL ROAD 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 114A BALMORAL ROAD 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
2023 15 DEC	£175,000	£348,666	50% below HPI
1997 19 DEC	£46,000	£81,311	43% below HPI

114A BALMORAL ROAD 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 114A BALMORAL ROAD sales from December 1997 and December 2023 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 1997 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the December 2023 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 114A BALMORAL ROAD?

114A BALMORAL ROAD is 103m² according to the EPC inspection conducted in June 2023. This puts it in the smallest 50% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 114A BALMORAL ROAD lies on this distribution: 49% of detached houses are smaller than 114A BALMORAL ROAD, and 50% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

114A BALMORAL ROAD: Plot and Title Map

114A BALMORAL ROAD sits on a plot of roughly 0.052 of an acre, or 212m². The below map shows the location of 114A BALMORAL ROAD, 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 114A BALMORAL ROAD). 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 114A BALMORAL ROAD?

114A BALMORAL ROAD is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 114A on BALMORAL ROAD.