423, LANCASTER ROAD, MORECAMBE, LA4 6NB - £280,000

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

423 LANCASTER ROAD is a large extended detached house of 124m², built sometime before 1900. It was last sold for £280,000 in September 2021, which was around 5% below the average September 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was C.

423 LANCASTER ROAD Sold Prices

Land registry data shows three sales for 423 LANCASTER ROAD 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 423 LANCASTER ROAD 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 27 SEP	£280,000	£295,669	5% below HPI
2019 18 JUL	£207,000	£260,225	20% below HPI
2013 29 OCT	£130,000	£226,274	43% below HPI

423 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 three 423 LANCASTER ROAD sales between October 2013 and September 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 July 2019 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 423 LANCASTER ROAD?

423 LANCASTER ROAD is 124m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the largest 30% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 423 LANCASTER ROAD lies on this distribution: 72% of detached houses are smaller than 423 LANCASTER ROAD, and 28% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

423 LANCASTER ROAD: Plot and Title Map

423 LANCASTER ROAD sits on a plot of roughly 0.077 of an acre, or 312m². The below map shows the location of 423 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 423 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 423 LANCASTER ROAD?

423 LANCASTER ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 423 on LANCASTER ROAD.