407A, LANCASTER ROAD, MORECAMBE, LA4 6NB - £240,000

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

407A LANCASTER ROAD is a midsized extended detached house of 97m², built sometime between 1950 and 1966. It was last sold for £240,000 in May 2015, which was around 4% above the average May 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

407A LANCASTER ROAD Sold Prices

Land registry data shows two sales for 407A LANCASTER ROAD 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 407A LANCASTER ROAD 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
2015 6 MAY	£240,000	£230,672	4% above HPI
1998 3 SEP	£56,000	£85,214	34% below HPI

407A LANCASTER ROAD 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 407A LANCASTER ROAD sales from September 1998 and May 2015 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 September 1998 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2015 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 407A LANCASTER ROAD?

407A LANCASTER ROAD is 97m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the smallest 50% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 407A LANCASTER ROAD lies on this distribution: 43% of detached houses are smaller than 407A LANCASTER ROAD, and 57% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

407A LANCASTER ROAD: Plot and Title Map

407A LANCASTER ROAD sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 407A LANCASTER ROAD, 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 407A LANCASTER ROAD). 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 407A LANCASTER ROAD?

407A LANCASTER ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 407A on LANCASTER ROAD.