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

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

34 SOUTH GROVE is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £168,000 in October 2021, which was around 45% 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	£305,076	45% below HPI
2006 30 JUN	£125,000	£215,598	42% below HPI
2004 7 APR	£97,500	£180,204	46% 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 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the October 2021 sale, where it falls to 45% below the HPI. The line then continues to track at 45% below the HPI.

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 in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 34 SOUTH GROVE lies on this distribution: 12% of detached 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.