14, WATLING CLOSE, MORECAMBE, LA3 3BG - £185,000

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.

14 WATLING CLOSE is a large detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £279,378. It was last sold for £185,000 in March 2015, which was around 16% below the average March 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

14 WATLING CLOSE Sold Prices

Land registry data shows four sales for 14 WATLING CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. two of the four 14 WATLING CLOSE sales were for below the average price, and four were 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
2015 12 MAR	£185,000	£221,187	16% below HPI
2009 21 SEP	£126,000	£206,854	39% below HPI
2003 20 FEB	£149,950	£130,410	15% above HPI
2000 6 DEC	£119,995	£95,283	26% above HPI

14 WATLING 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 four 14 WATLING CLOSE sales between December 2000 and March 2015 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 September 2009 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2015 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 14 WATLING CLOSE be worth now?

14 WATLING CLOSE might now be worth an estimated £279,378.

This is based on house price inflation of 51%, between March 2015 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 51% inflationary increase is applied to the most recent sale price for 14 WATLING CLOSE of £185,000 on 12th March 2015. For the value to have increased from £185,000 to £279,378 over the ten years and one month to February 2025, the following assumptions must hold true:

• The value of 14 WATLING CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The March 2015 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 14 WATLING CLOSE has not materially changed since March 2015.

How Large is 14 WATLING CLOSE?

14 WATLING CLOSE is 130m² according to the EPC inspection conducted in September 2009. This puts it in the largest 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 14 WATLING CLOSE lies on this distribution: 75% of detached houses houses are smaller than 14 WATLING CLOSE, and 25% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

14 WATLING CLOSE: Plot and Title Map

14 WATLING CLOSE sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 14 WATLING 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 14 WATLING 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 14 WATLING CLOSE?

14 WATLING CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 14 on WATLING CLOSE.