3, COLWYN AVENUE, MORECAMBE, LA4 6EQ - £465,000

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.

3 COLWYN AVENUE is a very large extended detached house of 161m², built sometime between 1950 and 1966, which could now be worth an estimated £542,345. It was last sold for £465,000 in August 2021, which was around 62% above the average August 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was C.

3 COLWYN AVENUE Sold Prices

Land registry data shows three sales for 3 COLWYN 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 3 COLWYN AVENUE sales were for above 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
2021 4 AUG	£465,000	£286,390	62% above HPI
2006 21 APR	£243,000	£208,421	17% above HPI
1998 21 SEP	£114,500	£82,660	39% above HPI

3 COLWYN 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 3 COLWYN AVENUE sales between September 1998 and August 2021 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 April 2006 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the August 2021 sale, where it rises to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might 3 COLWYN AVENUE be worth now?

3 COLWYN AVENUE might now be worth an estimated £542,345.

This is based on house price inflation of 16.6%, between August 2021 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 16.6% inflationary increase is applied to the most recent sale price for 3 COLWYN AVENUE of £465,000 on 4th August 2021. For the value to have increased from £465,000 to £542,345 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of 3 COLWYN AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2021 sale price of £465,000 represented a fair market value for the property.
• The size, condition, and specification of 3 COLWYN AVENUE has not materially changed since August 2021.

How Large is 3 COLWYN AVENUE?

3 COLWYN AVENUE is 161m², which includes four extensions, according to the EPC inspection conducted in May 2021. This puts it in the largest 20% 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 3 COLWYN AVENUE lies on this distribution: 88% of detached houses houses are smaller than 3 COLWYN AVENUE, and 12% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

3 COLWYN AVENUE: Plot and Title Map

3 COLWYN AVENUE sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of 3 COLWYN 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 3 COLWYN 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 3 COLWYN AVENUE?

3 COLWYN AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 3 on COLWYN AVENUE.