2, WYRE CLOSE, MORECAMBE, LA3 3SB - £185,000

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 WYRE CLOSE is a small detached house of 91m², built sometime between 1983 and 1990. It was last sold for £185,000 in November 2016, which was around 26% below the average November 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2014, where the current energy rating was D, and the potential energy rating was C.

2 WYRE CLOSE Sold Prices

Land registry data shows two sales for 2 WYRE CLOSE 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 WYRE CLOSE 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
2016 21 NOV	£185,000	£249,767	26% below HPI
2014 23 MAY	£175,000	£226,941	23% below HPI

2 WYRE CLOSE 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 WYRE CLOSE sales from May 2014 and November 2016 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 May 2014 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2016 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 WYRE CLOSE?

2 WYRE CLOSE is 91m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 40% 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 WYRE CLOSE lies on this distribution: 35% of detached houses are smaller than 2 WYRE CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 WYRE CLOSE: Plot and Title Map

2 WYRE CLOSE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of 2 WYRE CLOSE, 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 WYRE CLOSE). 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 WYRE CLOSE?

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