5, CHAPEL LANE, OVERTON, MORECAMBE, LA3 3HU - £230,000

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

5 CHAPEL LANE is a very large extended detached house of 171m², built sometime before 1900. It was last sold for £230,000 in July 2013, which was around 4% above the average July 2013 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was D.

5 CHAPEL LANE Sold Prices

Land registry data shows three sales for 5 CHAPEL LANE 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. Two of the three 5 CHAPEL LANE sales were for above the average price, whilst one 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 19 JUL	£230,000	£222,183	4% above HPI
2008 9 JAN	£250,000	£244,936	2% above HPI
2002 20 SEP	£125,000	£126,911	2% below HPI

5 CHAPEL LANE 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 5 CHAPEL LANE sales between September 2002 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 January 2008 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the July 2013 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 5 CHAPEL LANE?

5 CHAPEL LANE is 171m², which includes two extensions, according to the EPC inspection conducted in February 2011. This puts it in the largest 20% of detached houses in Overton, based on EPC data. The below chart shows the distribution of detached houses by size in Overton, and where 5 CHAPEL LANE lies on this distribution: 86% of detached houses are smaller than 5 CHAPEL LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Overton.

5 CHAPEL LANE: Plot and Title Map

5 CHAPEL LANE sits on a plot of roughly 0.127 of an acre, or 515m². The below map shows the location of 5 CHAPEL LANE, 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 5 CHAPEL LANE). 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 5 CHAPEL LANE?

5 CHAPEL LANE is located in OVERTON, in the LA3 postcode district. The below map shows the position of No. 5 on CHAPEL LANE.