12, PRIORSGATE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RN - £290,000

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

12 PRIORSGATE is a very large extended detached house of 161m², built sometime between 1996 and 2002. It was last sold for £290,000 in August 2021, which was around 2% below the average August 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2020, where the current energy rating was C, and the potential energy rating was C.

12 PRIORSGATE Sold Prices

Land registry data shows two sales for 12 PRIORSGATE 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. One of the two 12 PRIORSGATE sales was for below the average price, whilst the other was for above 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
2021 20 AUG	£290,000	£295,240	2% below HPI
2001 24 AUG	£147,065	£102,910	43% above HPI

12 PRIORSGATE 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 12 PRIORSGATE sales from August 2001 and August 2021 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 2001 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is 12 PRIORSGATE?

12 PRIORSGATE is 161m², which includes two extensions, according to the EPC inspection conducted in January 2020. This puts it in the largest 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 12 PRIORSGATE lies on this distribution: 88% of detached houses are smaller than 12 PRIORSGATE, and 12% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

12 PRIORSGATE: Plot and Title Map

12 PRIORSGATE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 12 PRIORSGATE, 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 12 PRIORSGATE). 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 12 PRIORSGATE?

12 PRIORSGATE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 12 on PRIORSGATE.