318, OXCLIFFE ROAD, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3EJ - £950,000

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.

318 OXCLIFFE ROAD is a very large extended detached house of 661m², built sometime from 2007 onwards, which could now be worth an estimated £1,243,679. It was last sold for £950,000 in September 2018, which was around 272% above the average September 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2018, where the current energy rating was B, and the potential energy rating was B.

318 OXCLIFFE ROAD Sold Prices

Land registry data shows two sales for 318 OXCLIFFE ROAD 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 318 OXCLIFFE ROAD sales were for above 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
2018 12 SEP	£950,000	£255,150	272% above HPI
2006 27 JUL	£248,000	£210,819	18% above HPI

318 OXCLIFFE ROAD 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 318 OXCLIFFE ROAD sales from July 2006 and September 2018 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 July 2006 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2018 sale, where it rises to 272% above the HPI. The line then continues to track at 272% above the HPI.

What might 318 OXCLIFFE ROAD be worth now?

318 OXCLIFFE ROAD might now be worth an estimated £1,243,679.

This is based on house price inflation of 30.9%, between September 2018 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 30.9% inflationary increase is applied to the most recent sale price for 318 OXCLIFFE ROAD of £950,000 on 12th September 2018. For the value to have increased from £950,000 to £1,243,679 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 318 OXCLIFFE ROAD has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2018 sale price of £950,000 represented a fair market value for the property.
• The size, condition, and specification of 318 OXCLIFFE ROAD has not materially changed since September 2018.

How Large is 318 OXCLIFFE ROAD?

318 OXCLIFFE ROAD is 661m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 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 318 OXCLIFFE ROAD lies on this distribution: More than 99% of detached houses houses are smaller than 318 OXCLIFFE ROAD, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

318 OXCLIFFE ROAD: Plot and Title Map

318 OXCLIFFE ROAD sits on a plot of roughly 0.345 of an acre, or 1,397m². The below map shows the location of 318 OXCLIFFE ROAD, 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 318 OXCLIFFE ROAD). 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 318 OXCLIFFE ROAD?

318 OXCLIFFE ROAD is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 318 on OXCLIFFE ROAD.