3, OCEAN WAY, THORNTON-CLEVELEYS, FY5 1FE - £220,000

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

3 OCEAN WAY is a small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £220,000 in March 2023, which was around 21% below the average March 2023 detached price in the Wyre local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

3 OCEAN WAY Sold Prices

Land registry data shows two sales for 3 OCEAN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. Both of the two 3 OCEAN WAY 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 10 MAR	£220,000	£278,450	21% below HPI
1996 4 APR	£73,995	£79,540	7% below HPI

3 OCEAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The two 3 OCEAN WAY sales from April 1996 and March 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 April 1996 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the March 2023 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 3 OCEAN WAY?

3 OCEAN WAY is 86m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 30% of detached houses in Cleveleys, based on EPC data. The below chart shows the distribution of detached houses by size in Cleveleys, and where 3 OCEAN WAY lies on this distribution: 26% of detached houses are smaller than 3 OCEAN WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Cleveleys.

3 OCEAN WAY: Plot and Title Map

3 OCEAN WAY sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of 3 OCEAN WAY, 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 OCEAN WAY). 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 OCEAN WAY?

3 OCEAN WAY is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 3 on OCEAN WAY.