3, THE ORCHARDS, OVERTON, MORECAMBE, LA3 3DQ - £234,950

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 THE ORCHARDS is a midsized detached house of 119m², built sometime between 1996 and 2002. It was last sold for £234,950 in December 2007, which was around 5% below the average December 2007 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

3 THE ORCHARDS Sold Prices

Land registry data shows four sales for 3 THE ORCHARDS 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 THE ORCHARDS 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
2007 21 DEC	£234,950	£247,493	5% below HPI
2007 7 DEC	£185,000	£247,493	25% below HPI
2007 14 SEP	£235,000	£247,363	5% below HPI
2001 28 MAR	£74,000	£95,451	22% below HPI

3 THE ORCHARDS 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 THE ORCHARDS sales between March 2001 and December 2007 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 December 2007 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the December 2007 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 3 THE ORCHARDS?

3 THE ORCHARDS is 119m² according to the EPC inspection conducted in July 2014. This puts it in the largest 50% of detached houses in Overton, based on EPC data. The below chart shows the distribution of detached houses by size in Overton, and where 3 THE ORCHARDS lies on this distribution: 56% of detached houses are smaller than 3 THE ORCHARDS, and 44% of houses are larger. Note that EPC data is not available for all properties in Overton.

3 THE ORCHARDS: Plot and Title Map

3 THE ORCHARDS sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 3 THE ORCHARDS, 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 THE ORCHARDS). 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 THE ORCHARDS?

3 THE ORCHARDS is located in OVERTON, in the LA3 postcode district. The below map shows the position of No. 3 on THE ORCHARDS.