2, ERMINE PLACE, MORECAMBE, LA3 3BU - £280,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 ERMINE PLACE is a large extended detached house of 123m², built sometime between 1996 and 2002, which could now be worth an estimated £330,936. It was last sold for £280,000 in April 2021, which was around 1% below the average April 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was C.

2 ERMINE PLACE Sold Prices

Land registry data shows two sales for 2 ERMINE PLACE 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 2 ERMINE PLACE 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
2021 6 APR	£280,000	£282,614	1% below HPI
1999 12 NOV	£84,500	£86,912	3% below HPI

2 ERMINE PLACE 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 2 ERMINE PLACE sales from November 1999 and April 2021 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 November 1999 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2021 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 2 ERMINE PLACE be worth now?

2 ERMINE PLACE might now be worth an estimated £330,936.

This is based on house price inflation of 18.2%, between April 2021 and February 2025, 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 18.2% inflationary increase is applied to the most recent sale price for 2 ERMINE PLACE of £280,000 on 6th April 2021. For the value to have increased from £280,000 to £330,936 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 2 ERMINE PLACE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The April 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ERMINE PLACE has not materially changed since April 2021.

How Large is 2 ERMINE PLACE?

2 ERMINE PLACE is 123m², which includes three extensions, according to the EPC inspection conducted in May 2020. This puts it in the largest 30% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 2 ERMINE PLACE lies on this distribution: 70% of detached houses houses are smaller than 2 ERMINE PLACE, and 29% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 ERMINE PLACE: Plot and Title Map

2 ERMINE PLACE sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 2 ERMINE PLACE, 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 ERMINE PLACE). 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 ERMINE PLACE?

2 ERMINE PLACE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 2 on ERMINE PLACE.