19, FAIRLEA AVENUE, MORECAMBE, LA4 6JY - £332,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

19 FAIRLEA AVENUE is a very small detached house of 40m², built sometime between 1967 and 1975. It was last sold for £332,500 in April 2024, which was around 3% below the average April 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was B.

19 FAIRLEA AVENUE Sold Prices

Land registry data shows two sales for 19 FAIRLEA AVENUE 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 19 FAIRLEA 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
2024 24 APR	£332,500	£343,763	3% below HPI
2003 29 DEC	£130,000	£161,819	20% below HPI

19 FAIRLEA 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 two 19 FAIRLEA AVENUE sales from December 2003 and April 2024 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 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2024 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 19 FAIRLEA AVENUE?

19 FAIRLEA AVENUE is 40m² according to the EPC inspection conducted in May 2018. This puts it in the smallest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 19 FAIRLEA AVENUE lies on this distribution: Less than 1% of detached houses are smaller than 19 FAIRLEA AVENUE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

19 FAIRLEA AVENUE: Plot and Title Map

19 FAIRLEA AVENUE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of 19 FAIRLEA 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 19 FAIRLEA 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 19 FAIRLEA AVENUE?

19 FAIRLEA AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 19 on FAIRLEA AVENUE.