1A, ALBANY ROAD, MORECAMBE, LA4 4DT - £260,000

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

1A ALBANY ROAD is a midsized extended detached house of 108m², built sometime between 1930 and 1949. It was last sold for £260,000 in October 2023, which was around 27% below the average October 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

1A ALBANY ROAD Sold Prices

Land registry data shows three sales for 1A ALBANY ROAD 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 1A ALBANY ROAD 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 18 OCT	£260,000	£354,647	27% below HPI
2015 10 APR	£125,500	£230,446	46% below HPI
2014 19 DEC	£140,000	£229,246	39% below HPI

1A ALBANY ROAD 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 1A ALBANY ROAD sales between December 2014 and October 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 April 2015 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the October 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 1A ALBANY ROAD?

1A ALBANY ROAD is 108m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the largest 50% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 1A ALBANY ROAD lies on this distribution: 54% of detached houses are smaller than 1A ALBANY ROAD, and 45% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1A ALBANY ROAD: Plot and Title Map

1A ALBANY ROAD sits on a plot of roughly 0.071 of an acre, or 285m². The below map shows the location of 1A ALBANY ROAD, 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 1A ALBANY ROAD). 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 1A ALBANY ROAD?

1A ALBANY ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 1A on ALBANY ROAD.