2, DURHAM CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RQ - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 DURHAM CLOSE is a small extended detached house of 78m², built sometime between 1996 and 2002. It was last sold for £225,000 in August 2024, which was around 34% below the average August 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

2 DURHAM CLOSE Sold Prices

Land registry data shows three sales for 2 DURHAM CLOSE 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 2 DURHAM 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
2024 14 AUG	£225,000	£341,877	34% below HPI
2000 29 SEP	£79,950	£94,008	15% below HPI
1995 30 JUN	£79,600	£81,082	2% below HPI

2 DURHAM 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 three 2 DURHAM CLOSE sales between June 1995 and August 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 September 2000 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2024 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is 2 DURHAM CLOSE?

2 DURHAM CLOSE is 78m², which includes one extension, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 2 DURHAM CLOSE lies on this distribution: 23% of detached houses are smaller than 2 DURHAM CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 DURHAM CLOSE: Plot and Title Map

2 DURHAM CLOSE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 DURHAM 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 2 DURHAM 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 2 DURHAM CLOSE?

2 DURHAM CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 2 on DURHAM CLOSE.