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

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 WARLEY AVENUE is a very small detached house of 74m², built sometime between 1930 and 1949. It was last sold for £235,000 in November 2022, which was around 32% 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. All of the three 2 WARLEY AVENUE 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
2022 4 NOV	£235,000	£346,047	32% below HPI
2004 28 JAN	£160,000	£165,632	3% below HPI
2000 17 MAR	£63,000	£88,285	29% 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 was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the November 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

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 in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 2 WARLEY AVENUE lies on this distribution: 16% of detached 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.