2, WARLEY AVENUE, MORECAMBE, LA3 3AR - £235,000

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 WARLEY AVENUE is a very small detached house of 74m², built sometime between 1930 and 1949, which could now be worth an estimated £233,846. It was last sold for £235,000 in November 2022, which was around 30% below the average November 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2013, where the current energy rating was D, and the potential energy rating was B.

2 WARLEY AVENUE Sold Prices

Land registry data shows three sales for 2 WARLEY AVENUE 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. The three 2 WARLEY AVENUE sales were a mix of below the average price, and roughly equal to 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
2022 4 NOV	£235,000	£335,674	30% below HPI
2004 28 JAN	£160,000	£160,668	Close to HPI
2000 17 MAR	£63,000	£85,639	26% below HPI

2 WARLEY AVENUE 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 WARLEY AVENUE sales between March 2000 and November 2022 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 January 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2022 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 WARLEY AVENUE be worth now?

2 WARLEY AVENUE might now be worth an estimated £233,846.

This is based on house price deflation of 0.5%, between November 2022 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 0.5% deflationary decrease is applied to the most recent sale price for 2 WARLEY AVENUE of £235,000 on 4th November 2022. For the value to have decreased from £235,000 to £233,846 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WARLEY AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2022 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WARLEY AVENUE has not materially changed since November 2022.

How Large is 2 WARLEY AVENUE?

2 WARLEY AVENUE is 74m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 20% 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 WARLEY AVENUE lies on this distribution: 16% of detached houses houses are smaller than 2 WARLEY AVENUE, and 83% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 WARLEY AVENUE: Plot and Title Map

2 WARLEY AVENUE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 2 WARLEY AVENUE, 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 WARLEY AVENUE). 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 WARLEY AVENUE?

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