3, WAKEFIELD AVENUE, MORECAMBE, LA4 6DY - £152,500

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 WAKEFIELD AVENUE is a very small detached house of 65m², built sometime between 1976 and 1982, which could now be worth an estimated £229,994. It was last sold for £152,500 in November 2012, which was around 31% below the average November 2012 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

3 WAKEFIELD AVENUE Sold Prices

Land registry data shows two sales for 3 WAKEFIELD AVENUE 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 3 WAKEFIELD AVENUE 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
2012 26 NOV	£152,500	£221,480	31% below HPI
2003 22 AUG	£137,000	£151,633	10% below HPI

3 WAKEFIELD 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 two 3 WAKEFIELD AVENUE sales from August 2003 and November 2012 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 August 2003 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2012 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 3 WAKEFIELD AVENUE be worth now?

3 WAKEFIELD AVENUE might now be worth an estimated £229,994.

This is based on house price inflation of 50.8%, between November 2012 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 50.8% inflationary increase is applied to the most recent sale price for 3 WAKEFIELD AVENUE of £152,500 on 26th November 2012. For the value to have increased from £152,500 to £229,994 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 3 WAKEFIELD AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2012 sale price of £152,500 represented a fair market value for the property.
• The size, condition, and specification of 3 WAKEFIELD AVENUE has not materially changed since November 2012.

How Large is 3 WAKEFIELD AVENUE?

3 WAKEFIELD AVENUE is 65m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% 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 WAKEFIELD AVENUE lies on this distribution: 6% of detached houses houses are smaller than 3 WAKEFIELD AVENUE, and 93% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

3 WAKEFIELD AVENUE: Plot and Title Map

3 WAKEFIELD AVENUE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of 3 WAKEFIELD 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 WAKEFIELD 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 WAKEFIELD AVENUE?

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