18, THE SPINNEY, HEYSHAM, MORECAMBE, LA3 2FP - £195,000

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

18 THE SPINNEY is a midsized detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £284,942. It was last sold for £195,000 in March 2016, which was around 16% below the average March 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2011, where the current energy rating was D, and the potential energy rating was C.

18 THE SPINNEY Sold Prices

Land registry data shows three sales for 18 THE SPINNEY 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. Two of the three 18 THE SPINNEY sales were for below the average price, whilst one was 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
2016 23 MAR	£195,000	£230,822	16% below HPI
2012 12 MAR	£172,000	£215,891	20% below HPI
1999 29 NOV	£88,750	£86,912	2% above HPI

18 THE SPINNEY 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 18 THE SPINNEY sales between November 1999 and March 2016 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 2012 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2016 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 18 THE SPINNEY be worth now?

18 THE SPINNEY might now be worth an estimated £284,942.

This is based on house price inflation of 46.1%, between March 2016 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 46.1% inflationary increase is applied to the most recent sale price for 18 THE SPINNEY of £195,000 on 23rd March 2016. For the value to have increased from £195,000 to £284,942 over the seven years and three months to December 2024, the following assumptions must hold true:

• The value of 18 THE SPINNEY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The March 2016 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 18 THE SPINNEY has not materially changed since March 2016.

How Large is 18 THE SPINNEY?

18 THE SPINNEY is 97m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 50% 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 18 THE SPINNEY lies on this distribution: 47% of detached houses houses are smaller than 18 THE SPINNEY, and 53% of houses are larger. Note that EPC data is not available for all properties in Heysham.

18 THE SPINNEY: Plot and Title Map

18 THE SPINNEY sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 18 THE SPINNEY, 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 18 THE SPINNEY). 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 18 THE SPINNEY?

18 THE SPINNEY is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 18 on THE SPINNEY.