2, PILGRIMS WAY, MORECAMBE, LA3 3BL - £230,000

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

2 PILGRIMS WAY is a midsized detached house of 98m², built sometime between 2003 and 2006. It was last sold for £230,000 in February 2020, which was around 11% below the average February 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2011, where the current energy rating was C, and the potential energy rating was C.

2 PILGRIMS WAY Sold Prices

Land registry data shows two sales for 2 PILGRIMS WAY 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 PILGRIMS WAY 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
2020 24 FEB	£230,000	£258,621	11% below HPI
2003 12 DEC	£134,950	£161,819	17% below HPI

2 PILGRIMS WAY 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 PILGRIMS WAY sales from December 2003 and February 2020 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 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the February 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 2 PILGRIMS WAY?

2 PILGRIMS WAY is 98m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 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 2 PILGRIMS WAY lies on this distribution: 43% of detached houses are smaller than 2 PILGRIMS WAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 PILGRIMS WAY: Plot and Title Map

2 PILGRIMS WAY sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 2 PILGRIMS WAY, 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 PILGRIMS WAY). 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 PILGRIMS WAY?

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