43, OAK AVENUE, MORECAMBE, LA4 6HY - £205,000

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

43 OAK AVENUE is a small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £205,000 in December 2020, which was around 28% below the average December 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

43 OAK AVENUE Sold Prices

Land registry data shows two sales for 43 OAK AVENUE 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. Both of the two 43 OAK AVENUE 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
2020 17 DEC	£205,000	£284,916	28% below HPI
2007 16 OCT	£210,000	£252,929	17% below HPI

43 OAK AVENUE 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 43 OAK AVENUE sales from October 2007 and December 2020 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 2007 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the December 2020 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 43 OAK AVENUE?

43 OAK AVENUE is 87m², which includes one extension, according to the EPC inspection conducted in October 2020. This puts it in the smallest 40% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 43 OAK AVENUE lies on this distribution: 33% of detached houses are smaller than 43 OAK AVENUE, and 67% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

43 OAK AVENUE: Plot and Title Map

43 OAK AVENUE sits on a plot of roughly 0.072 of an acre, or 289m². The below map shows the location of 43 OAK AVENUE, 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 43 OAK AVENUE). 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 43 OAK AVENUE?

43 OAK AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 43 on OAK AVENUE.