34, SOUTH GROVE, MORECAMBE, LA4 5RL - £168,000

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.

34 SOUTH GROVE is a very small extended detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £189,626. It was last sold for £168,000 in October 2021, which was around 43% below the average October 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2021, where the current energy rating was D, and the potential energy rating was B.

34 SOUTH GROVE Sold Prices

Land registry data shows three sales for 34 SOUTH GROVE 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 34 SOUTH GROVE 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
2021 21 OCT	£168,000	£295,932	43% below HPI
2006 30 JUN	£125,000	£209,136	40% below HPI
2004 7 APR	£97,500	£174,803	44% below HPI

34 SOUTH GROVE 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 34 SOUTH GROVE sales between April 2004 and October 2021 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 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 34 SOUTH GROVE be worth now?

34 SOUTH GROVE might now be worth an estimated £189,626.

This is based on house price inflation of 12.9%, between October 2021 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 12.9% inflationary increase is applied to the most recent sale price for 34 SOUTH GROVE of £168,000 on 21st October 2021. For the value to have increased from £168,000 to £189,626 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 34 SOUTH GROVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The October 2021 sale price of £168,000 represented a fair market value for the property.
• The size, condition, and specification of 34 SOUTH GROVE has not materially changed since October 2021.

How Large is 34 SOUTH GROVE?

34 SOUTH GROVE is 70m², which includes one extension, according to the EPC inspection conducted in June 2021. 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 34 SOUTH GROVE lies on this distribution: 12% of detached houses houses are smaller than 34 SOUTH GROVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

34 SOUTH GROVE: Plot and Title Map

34 SOUTH GROVE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of 34 SOUTH GROVE, 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 34 SOUTH GROVE). 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 34 SOUTH GROVE?

34 SOUTH GROVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 34 on SOUTH GROVE.