33, FAIRHOPE AVENUE, MORECAMBE, LA4 6LB - £257,000

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

33 FAIRHOPE AVENUE is a small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £257,000 in August 2023, which was around 27% below the average August 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2014, where the current energy rating was E, and the potential energy rating was C.

33 FAIRHOPE AVENUE Sold Prices

Land registry data shows three sales for 33 FAIRHOPE AVENUE 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. All of the three 33 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
2023 11 AUG	£257,000	£349,876	27% below HPI
2016 27 JUN	£175,000	£242,810	28% below HPI
2015 28 AUG	£135,000	£238,377	43% below HPI

33 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 three 33 FAIRHOPE AVENUE sales between August 2015 and August 2023 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 June 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the August 2023 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 33 FAIRHOPE AVENUE?

33 FAIRHOPE AVENUE is 77m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 33 FAIRHOPE AVENUE lies on this distribution: 21% of detached houses are smaller than 33 FAIRHOPE AVENUE, and 78% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

33 FAIRHOPE AVENUE: Plot and Title Map

33 FAIRHOPE AVENUE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 33 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 33 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 33 FAIRHOPE AVENUE?

33 FAIRHOPE AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 33 on FAIRHOPE AVENUE.