31, FAIRHOPE AVENUE, MORECAMBE, LA4 6LB - £140,000

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.

31 FAIRHOPE AVENUE is a very small detached house of 66m², built sometime between 1950 and 1966, which could now be worth an estimated £195,548. It was last sold for £140,000 in October 2017, which was around 41% below the average October 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

31 FAIRHOPE AVENUE Sold Prices

Land registry data shows four sales for 31 FAIRHOPE AVENUE 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 31 FAIRHOPE 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
2017 13 OCT	£140,000	£239,142	41% below HPI
2009 23 OCT	£145,000	£213,281	32% below HPI
2009 10 JUN	£158,500	£203,214	22% below HPI
2008 15 MAY	£170,000	£228,758	26% below HPI

31 FAIRHOPE 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 four 31 FAIRHOPE AVENUE sales between May 2008 and October 2017 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 October 2009 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2017 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 31 FAIRHOPE AVENUE be worth now?

31 FAIRHOPE AVENUE might now be worth an estimated £195,548.

This is based on house price inflation of 39.7%, between October 2017 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 39.7% inflationary increase is applied to the most recent sale price for 31 FAIRHOPE AVENUE of £140,000 on 13th October 2017. For the value to have increased from £140,000 to £195,548 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 31 FAIRHOPE AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The October 2017 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 31 FAIRHOPE AVENUE has not materially changed since October 2017.

How Large is 31 FAIRHOPE AVENUE?

31 FAIRHOPE AVENUE is 66m² according to the EPC inspection conducted in August 2017. 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 31 FAIRHOPE AVENUE lies on this distribution: 8% of detached houses houses are smaller than 31 FAIRHOPE AVENUE, and 91% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

31 FAIRHOPE AVENUE: Plot and Title Map

31 FAIRHOPE AVENUE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of 31 FAIRHOPE 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 31 FAIRHOPE 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 31 FAIRHOPE AVENUE?

31 FAIRHOPE AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 31 on FAIRHOPE AVENUE.