5, CHESTER CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RF - £150,000

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 CHESTER CLOSE is a small extended detached house of 79m², built sometime between 1983 and 1990. It was last sold for £150,000 in April 2014, which was around 33% below the average April 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was C.

5 CHESTER CLOSE Sold Prices

Land registry data shows two sales for 5 CHESTER CLOSE 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 5 CHESTER CLOSE 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
2014 9 APR	£150,000	£223,688	33% below HPI
1997 27 JAN	£49,281	£77,064	36% below HPI

5 CHESTER CLOSE 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 5 CHESTER CLOSE sales from January 1997 and April 2014 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 1997 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the April 2014 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 5 CHESTER CLOSE?

5 CHESTER CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 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 5 CHESTER CLOSE lies on this distribution: 24% of detached houses are smaller than 5 CHESTER CLOSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

5 CHESTER CLOSE: Plot and Title Map

5 CHESTER CLOSE sits on a plot of roughly 0.066 of an acre, or 268m². The below map shows the location of 5 CHESTER CLOSE, 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 CHESTER CLOSE). 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 CHESTER CLOSE?

5 CHESTER CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 5 on CHESTER CLOSE.