118, LOW LANE, MORECAMBE, LA4 6PS - £213,600

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

118 LOW LANE is a very small extended detached house of 75m², built sometime between 1976 and 1982, which could now be worth an estimated £216,603. It was last sold for £213,600 in March 2023, which was around 35% below the average March 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was B.

118 LOW LANE Sold Prices

Land registry data shows two sales for 118 LOW LANE 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 118 LOW LANE 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 31 MAR	£213,600	£329,395	35% below HPI
2021 2 AUG	£180,000	£286,390	37% below HPI

118 LOW LANE 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 118 LOW LANE sales from August 2021 and March 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 August 2021 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the March 2023 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 118 LOW LANE be worth now?

118 LOW LANE might now be worth an estimated £216,603.

This is based on house price inflation of 1.4%, between March 2023 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 1.4% inflationary increase is applied to the most recent sale price for 118 LOW LANE of £213,600 on 31st March 2023. For the value to have increased from £213,600 to £216,603 over the two years and one month to February 2025, the following assumptions must hold true:

• The value of 118 LOW LANE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The March 2023 sale price of £213,600 represented a fair market value for the property.
• The size, condition, and specification of 118 LOW LANE has not materially changed since March 2023.

How Large is 118 LOW LANE?

118 LOW LANE is 75m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 118 LOW LANE lies on this distribution: 17% of detached houses houses are smaller than 118 LOW LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

118 LOW LANE: Plot and Title Map

118 LOW LANE sits on a plot of roughly 0.087 of an acre, or 351m². The below map shows the location of 118 LOW LANE, 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 118 LOW LANE). 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 118 LOW LANE?

118 LOW LANE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 118 on LOW LANE.