4, AIRE CLOSE, MORECAMBE, LA3 3SA - £218,500

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.

4 AIRE CLOSE is a midsized detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £338,640. It was last sold for £218,500 in July 2013, which was around 1% above the average July 2013 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was B.

4 AIRE CLOSE Sold Prices

Land registry data shows two sales for 4 AIRE CLOSE 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. One of the two 4 AIRE CLOSE sales was for above the average price, whilst the other was 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
2013 3 JUL	£218,500	£215,523	1% above HPI
2001 18 OCT	£96,950	£104,630	7% below HPI

4 AIRE CLOSE 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 4 AIRE CLOSE sales from October 2001 and July 2013 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 2001 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2013 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 4 AIRE CLOSE be worth now?

4 AIRE CLOSE might now be worth an estimated £338,640.

This is based on house price inflation of 55%, between July 2013 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 55% inflationary increase is applied to the most recent sale price for 4 AIRE CLOSE of £218,500 on 3rd July 2013. For the value to have increased from £218,500 to £338,640 over the twelve years and five months to February 2025, the following assumptions must hold true:

• The value of 4 AIRE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2013 sale price of £218,500 represented a fair market value for the property.
• The size, condition, and specification of 4 AIRE CLOSE has not materially changed since July 2013.

How Large is 4 AIRE CLOSE?

4 AIRE CLOSE is 102m² according to the EPC inspection conducted in July 2012. This puts it in the smallest 50% 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 4 AIRE CLOSE lies on this distribution: 47% of detached houses houses are smaller than 4 AIRE CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

4 AIRE CLOSE: Plot and Title Map

4 AIRE CLOSE sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 4 AIRE CLOSE, 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 4 AIRE CLOSE). 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 4 AIRE CLOSE?

4 AIRE CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 4 on AIRE CLOSE.