15, WAKEFIELD AVENUE, MORECAMBE, LA4 6DY - £312,000

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.

15 WAKEFIELD AVENUE is a small extended detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £328,601. It was last sold for £312,000 in May 2023, which was around 2% below the average May 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was B.

15 WAKEFIELD AVENUE Sold Prices

Land registry data shows three sales for 15 WAKEFIELD AVENUE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 15 WAKEFIELD AVENUE 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 26 MAY	£312,000	£317,151	2% below HPI
2010 18 MAR	£145,000	£217,162	33% below HPI
1998 29 OCT	£72,000	£82,780	13% below HPI

15 WAKEFIELD 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 three 15 WAKEFIELD AVENUE sales between October 1998 and May 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 March 2010 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the May 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 15 WAKEFIELD AVENUE be worth now?

15 WAKEFIELD AVENUE might now be worth an estimated £328,601.

This is based on house price inflation of 5.3%, between May 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 5.3% inflationary increase is applied to the most recent sale price for 15 WAKEFIELD AVENUE of £312,000 on 26th May 2023. For the value to have increased from £312,000 to £328,601 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 15 WAKEFIELD AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The May 2023 sale price of £312,000 represented a fair market value for the property.
• The size, condition, and specification of 15 WAKEFIELD AVENUE has not materially changed since May 2023.

How Large is 15 WAKEFIELD AVENUE?

15 WAKEFIELD AVENUE is 77m², which includes one extension, according to the EPC inspection conducted in September 2022. 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 15 WAKEFIELD AVENUE lies on this distribution: 21% of detached houses houses are smaller than 15 WAKEFIELD AVENUE, and 78% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

15 WAKEFIELD AVENUE: Plot and Title Map

15 WAKEFIELD AVENUE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 15 WAKEFIELD 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 15 WAKEFIELD 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 15 WAKEFIELD AVENUE?

15 WAKEFIELD AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 15 on WAKEFIELD AVENUE.