4, OCEAN WAY, THORNTON-CLEVELEYS, FY5 1FE - £233,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 OCEAN WAY is a very small detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £235,521. It was last sold for £233,000 in July 2023, which was around 22% below the average July 2023 detached price in the Wyre local authority area. The most recent EPC inspection was January 2016, where the current energy rating was C, and the potential energy rating was B.

4 OCEAN WAY Sold Prices

Land registry data shows three sales for 4 OCEAN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Wyre local authority area for the corresponding sale date. All of the three 4 OCEAN WAY 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 27 JUL	£233,000	£297,415	22% below HPI
2017 31 MAR	£145,000	£226,252	36% below HPI
1996 20 DEC	£70,645	£84,238	16% below HPI

4 OCEAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wyre local authority area over time, sourced from the HPI. The three 4 OCEAN WAY sales between December 1996 and July 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 March 2017 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the July 2023 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 4 OCEAN WAY be worth now?

4 OCEAN WAY might now be worth an estimated £235,521.

This is based on house price inflation of 1.1%, between July 2023 and December 2024, for detached houses, in the Wyre local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% inflationary increase is applied to the most recent sale price for 4 OCEAN WAY of £233,000 on 27th July 2023. For the value to have increased from £233,000 to £235,521 over the seven months to December 2024, the following assumptions must hold true:

• The value of 4 OCEAN WAY has moved in line with the HPI for detached houses in the Wyre local authority area.
• The July 2023 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OCEAN WAY has not materially changed since July 2023.

How Large is 4 OCEAN WAY?

4 OCEAN WAY is 75m² according to the EPC inspection conducted in January 2016. This puts it in the smallest 20% of detached houses houses in Cleveleys, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cleveleys, and where 4 OCEAN WAY lies on this distribution: 12% of detached houses houses are smaller than 4 OCEAN WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Cleveleys.

4 OCEAN WAY: Plot and Title Map

4 OCEAN WAY sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 4 OCEAN WAY, 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 OCEAN WAY). 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 OCEAN WAY?

4 OCEAN WAY is located in THORNTON-CLEVELEYS, in the FY5 postcode district. The below map shows the position of No. 4 on OCEAN WAY.