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

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 WYRE CLOSE is a small detached house of 91m², built sometime between 1983 and 1990, which could now be worth an estimated £255,055. It was last sold for £185,000 in November 2016, which was around 24% 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	£242,280	24% below HPI
2014 23 MAY	£175,000	£220,139	21% 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 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the November 2016 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 2 WYRE CLOSE be worth now?

2 WYRE CLOSE might now be worth an estimated £255,055.

This is based on house price inflation of 37.9%, between November 2016 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 37.9% inflationary increase is applied to the most recent sale price for 2 WYRE CLOSE of £185,000 on 21st November 2016. For the value to have increased from £185,000 to £255,055 over the nine years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 WYRE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2016 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WYRE CLOSE has not materially changed since November 2016.

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 houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 2 WYRE CLOSE lies on this distribution: 35% of detached houses houses are smaller than 2 WYRE CLOSE, and 65% 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.