2, THE SPINNEY, HEYSHAM, MORECAMBE, LA3 2FP - £225,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 THE SPINNEY is a very large detached house of 143m², built sometime between 1996 and 2002, which could now be worth an estimated £342,369. It was last sold for £225,000 in August 2010, which was around 2% above the average August 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

2 THE SPINNEY Sold Prices

Land registry data shows two sales for 2 THE SPINNEY 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 THE SPINNEY sales were for above 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
2010 31 AUG	£225,000	£221,660	2% above HPI
1999 20 AUG	£101,500	£85,239	19% above HPI

2 THE SPINNEY 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 THE SPINNEY sales from August 1999 and August 2010 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 August 1999 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2010 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

What might 2 THE SPINNEY be worth now?

2 THE SPINNEY might now be worth an estimated £342,369.

This is based on house price inflation of 52.2%, between August 2010 and December 2024, 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 52.2% inflationary increase is applied to the most recent sale price for 2 THE SPINNEY of £225,000 on 31st August 2010. For the value to have increased from £225,000 to £342,369 over the thirteen years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 THE SPINNEY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2010 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SPINNEY has not materially changed since August 2010.

How Large is 2 THE SPINNEY?

2 THE SPINNEY is 143m² according to the EPC inspection conducted in August 2009. This puts it in the largest 20% of detached houses houses in Heysham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heysham, and where 2 THE SPINNEY lies on this distribution: 85% of detached houses houses are smaller than 2 THE SPINNEY, and 15% of houses are larger. Note that EPC data is not available for all properties in Heysham.

2 THE SPINNEY: Plot and Title Map

2 THE SPINNEY sits on a plot of roughly 0.154 of an acre, or 624m². The below map shows the location of 2 THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

2 THE SPINNEY is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 2 on THE SPINNEY.