3, WOODRUSH, MORECAMBE, LA4 6JB - £249,950

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 WOODRUSH is a very small detached house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £363,021. It was last sold for £249,950 in February 2016, which was around 9% above the average February 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2016, where the current energy rating was D, and the potential energy rating was B.

3 WOODRUSH Sold Prices

Land registry data shows three sales for 3 WOODRUSH 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. The three 3 WOODRUSH sales were a mix of above the average price, and roughly equal to 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
2016 26 FEB	£249,950	£229,986	9% above HPI
2003 18 DEC	£220,000	£156,969	40% above HPI
1996 11 JUN	£75,000	£75,049	Close to HPI

3 WOODRUSH 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 WOODRUSH sales between June 1996 and February 2016 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 2003 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the February 2016 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 3 WOODRUSH be worth now?

3 WOODRUSH might now be worth an estimated £363,021.

This is based on house price inflation of 45.2%, between February 2016 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 45.2% inflationary increase is applied to the most recent sale price for 3 WOODRUSH of £249,950 on 26th February 2016. For the value to have increased from £249,950 to £363,021 over the nine years to February 2025, the following assumptions must hold true:

• The value of 3 WOODRUSH has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2016 sale price of £249,950 represented a fair market value for the property.
• The size, condition, and specification of 3 WOODRUSH has not materially changed since February 2016.

How Large is 3 WOODRUSH?

3 WOODRUSH is 70m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 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 WOODRUSH lies on this distribution: 12% of detached houses houses are smaller than 3 WOODRUSH, and 87% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

3 WOODRUSH: Plot and Title Map

3 WOODRUSH sits on a plot of roughly 0.120 of an acre, or 484m². The below map shows the location of 3 WOODRUSH, 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 WOODRUSH). 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 WOODRUSH?

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