29, GRINGLEY ROAD, MORECAMBE, LA4 4RW - £261,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

29 GRINGLEY ROAD is a very small detached house of 56m², built sometime between 1967 and 1975. It was last sold for £261,000 in August 2023, which was around 25% below the average August 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was B.

29 GRINGLEY ROAD Sold Prices

Land registry data shows two sales for 29 GRINGLEY 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 29 GRINGLEY 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
2023 3 AUG	£261,000	£349,458	25% below HPI
2017 20 SEP	£140,000	£246,485	43% below HPI

29 GRINGLEY 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 29 GRINGLEY ROAD sales from September 2017 and August 2023 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 September 2017 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 29 GRINGLEY ROAD?

29 GRINGLEY ROAD is 56m² according to the EPC inspection conducted in May 2017. This puts it in the smallest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 29 GRINGLEY ROAD lies on this distribution: 2% of detached houses are smaller than 29 GRINGLEY ROAD, and 98% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

29 GRINGLEY ROAD: Plot and Title Map

29 GRINGLEY ROAD sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of 29 GRINGLEY 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 29 GRINGLEY 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 29 GRINGLEY ROAD?

29 GRINGLEY ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 29 on GRINGLEY ROAD.