15, CANTERBURY CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RD - £141,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

15 CANTERBURY CLOSE is a very small detached house of 62m², built sometime between 1983 and 1990, which could now be worth an estimated £164,214. It was last sold for £141,000 in September 2021, which was around 51% below the average September 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was B.

15 CANTERBURY CLOSE Sold Prices

Land registry data shows two sales for 15 CANTERBURY CLOSE 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 15 CANTERBURY CLOSE 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
2021 22 SEP	£141,000	£286,806	51% below HPI
2001 26 OCT	£52,000	£104,630	50% below HPI

15 CANTERBURY 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 two 15 CANTERBURY CLOSE sales from October 2001 and September 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 October 2001 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the September 2021 sale, where it falls to 51% below the HPI. The line then continues to track at 51% below the HPI.

What might 15 CANTERBURY CLOSE be worth now?

15 CANTERBURY CLOSE might now be worth an estimated £164,214.

This is based on house price inflation of 16.5%, between September 2021 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 16.5% inflationary increase is applied to the most recent sale price for 15 CANTERBURY CLOSE of £141,000 on 22nd September 2021. For the value to have increased from £141,000 to £164,214 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 CANTERBURY CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2021 sale price of £141,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CANTERBURY CLOSE has not materially changed since September 2021.

How Large is 15 CANTERBURY CLOSE?

15 CANTERBURY CLOSE is 62m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 10% 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 15 CANTERBURY CLOSE lies on this distribution: 4% of detached houses houses are smaller than 15 CANTERBURY CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

15 CANTERBURY CLOSE: Plot and Title Map

15 CANTERBURY CLOSE sits on a plot of roughly 0.589 of an acre, or 2,383m². The below map shows the location of 15 CANTERBURY 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 15 CANTERBURY 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 15 CANTERBURY CLOSE?

15 CANTERBURY CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 15 on CANTERBURY CLOSE.