251, LANCASTER ROAD, MORECAMBE, LA4 5TH - £180,000

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

251 LANCASTER ROAD is a small detached house of 90m², built sometime between 1930 and 1949. It was last sold for £180,000 in October 2018, which was around 31% below the average October 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was December 2014, where the current energy rating was E, and the potential energy rating was C.

251 LANCASTER ROAD Sold Prices

Land registry data shows two sales for 251 LANCASTER ROAD 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 251 LANCASTER ROAD 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
2018 10 OCT	£180,000	£261,581	31% below HPI
2015 1 MAY	£97,000	£230,672	58% below HPI

251 LANCASTER ROAD 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 251 LANCASTER ROAD sales from May 2015 and October 2018 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 2015 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the October 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 251 LANCASTER ROAD?

251 LANCASTER ROAD is 90m² according to the EPC inspection conducted in December 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 251 LANCASTER ROAD lies on this distribution: 35% of detached houses are smaller than 251 LANCASTER ROAD, and 65% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

251 LANCASTER ROAD: Plot and Title Map

251 LANCASTER ROAD sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 251 LANCASTER ROAD, 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 251 LANCASTER ROAD). 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 251 LANCASTER ROAD?

251 LANCASTER ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 251 on LANCASTER ROAD.