13, HOMEWOOD AVENUE, MORECAMBE, LA4 6LG - £400,000

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.

13 HOMEWOOD AVENUE is a small detached house of 83m², built sometime between 1967 and 1975, which could now be worth an estimated £436,700. It was last sold for £400,000 in February 2022, which was around 31% above the average February 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

13 HOMEWOOD AVENUE Sold Prices

Land registry data shows two sales for 13 HOMEWOOD AVENUE 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 13 HOMEWOOD AVENUE sales was for above the average price, whilst the other was 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
2022 17 FEB	£400,000	£305,955	31% above HPI
2019 16 JUL	£237,000	£252,425	6% below HPI

13 HOMEWOOD AVENUE 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 13 HOMEWOOD AVENUE sales from July 2019 and February 2022 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 July 2019 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2022 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 13 HOMEWOOD AVENUE be worth now?

13 HOMEWOOD AVENUE might now be worth an estimated £436,700.

This is based on house price inflation of 9.2%, between February 2022 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 9.2% inflationary increase is applied to the most recent sale price for 13 HOMEWOOD AVENUE of £400,000 on 17th February 2022. For the value to have increased from £400,000 to £436,700 over the three years to February 2025, the following assumptions must hold true:

• The value of 13 HOMEWOOD AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2022 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 13 HOMEWOOD AVENUE has not materially changed since February 2022.

How Large is 13 HOMEWOOD AVENUE?

13 HOMEWOOD AVENUE is 83m² according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% 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 13 HOMEWOOD AVENUE lies on this distribution: 29% of detached houses houses are smaller than 13 HOMEWOOD AVENUE, and 70% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

13 HOMEWOOD AVENUE: Plot and Title Map

13 HOMEWOOD AVENUE sits on a plot of roughly 0.132 of an acre, or 533m². The below map shows the location of 13 HOMEWOOD AVENUE, 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 13 HOMEWOOD AVENUE). 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 13 HOMEWOOD AVENUE?

13 HOMEWOOD AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 13 on HOMEWOOD AVENUE.