3, ERMINE PLACE, MORECAMBE, LA3 3BU - £237,000

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

3 ERMINE PLACE is a small detached house of 92m², built sometime between 1996 and 2002. It was last sold for £237,000 in November 2020, which was around 16% below the average November 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was B.

3 ERMINE PLACE Sold Prices

Land registry data shows four sales for 3 ERMINE PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 3 ERMINE PLACE 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
2020 18 NOV	£237,000	£281,968	16% below HPI
2017 7 APR	£195,000	£251,215	22% below HPI
2010 14 MAY	£167,000	£225,046	26% below HPI
2000 10 NOV	£84,500	£96,911	13% below HPI

3 ERMINE PLACE 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 four 3 ERMINE PLACE sales between November 2000 and November 2020 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 2017 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2020 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 ERMINE PLACE?

3 ERMINE PLACE is 92m² according to the EPC inspection conducted in August 2020. 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 3 ERMINE PLACE lies on this distribution: 36% of detached houses are smaller than 3 ERMINE PLACE, and 63% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

3 ERMINE PLACE: Plot and Title Map

3 ERMINE PLACE sits on a plot of roughly 0.098 of an acre, or 395m². The below map shows the location of 3 ERMINE PLACE, 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 ERMINE PLACE). 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 ERMINE PLACE?

3 ERMINE PLACE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 3 on ERMINE PLACE.