16, REDWING CLOSE, HEYSHAM, MORECAMBE, LA3 2BH - £152,500

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

16 REDWING CLOSE is a large detached house of 110m², built sometime between 2007 and 2011, which could now be worth an estimated £254,228. It was last sold for £152,500 in June 2011, which was around 25% below the average June 2011 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

16 REDWING CLOSE Sold Prices

Land registry data shows two sales for 16 REDWING 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 16 REDWING 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
2011 24 JUN	£152,500	£202,323	25% below HPI
2007 14 DEC	£179,995	£240,075	25% below HPI

16 REDWING 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 16 REDWING CLOSE sales from December 2007 and June 2011 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 December 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the June 2011 sale, which was also at 25% below the HPI.

What might 16 REDWING CLOSE be worth now?

16 REDWING CLOSE might now be worth an estimated £254,228.

This is based on house price inflation of 66.7%, between June 2011 and December 2024, 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 66.7% inflationary increase is applied to the most recent sale price for 16 REDWING CLOSE of £152,500 on 24th June 2011. For the value to have increased from £152,500 to £254,228 over the twelve years and six months to December 2024, the following assumptions must hold true:

• The value of 16 REDWING CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The June 2011 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 16 REDWING CLOSE has not materially changed since June 2011.

How Large is 16 REDWING CLOSE?

16 REDWING CLOSE is 110m² according to the EPC inspection conducted in May 2022. This puts it in the largest 40% of detached houses houses in Heysham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heysham, and where 16 REDWING CLOSE lies on this distribution: 63% of detached houses houses are smaller than 16 REDWING CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Heysham.

16 REDWING CLOSE: Plot and Title Map

16 REDWING CLOSE sits on a plot of roughly 0.053 of an acre, or 215m². The below map shows the location of 16 REDWING 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 16 REDWING 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 16 REDWING CLOSE?

16 REDWING CLOSE is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 16 on REDWING CLOSE.