5, RUSLAND GARDENS, MORECAMBE, LA4 4UU - £225,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 RUSLAND GARDENS is a small detached house of 94m², built sometime between 1967 and 1975. It was last sold for £225,000 in June 2022, which was around 30% below the average June 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was C.

5 RUSLAND GARDENS Sold Prices

Land registry data shows two sales for 5 RUSLAND GARDENS 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 RUSLAND GARDENS 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
2022 24 JUN	£225,000	£323,731	30% below HPI
2004 3 SEP	£137,500	£202,215	32% below HPI

5 RUSLAND GARDENS 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 RUSLAND GARDENS sales from September 2004 and June 2022 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 2004 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 5 RUSLAND GARDENS?

5 RUSLAND GARDENS is 94m² according to the EPC inspection conducted in January 2022. 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 5 RUSLAND GARDENS lies on this distribution: 39% of detached houses are smaller than 5 RUSLAND GARDENS, and 60% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

5 RUSLAND GARDENS: Plot and Title Map

5 RUSLAND GARDENS sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 5 RUSLAND GARDENS, 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 RUSLAND GARDENS). 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 RUSLAND GARDENS?

5 RUSLAND GARDENS is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 5 on RUSLAND GARDENS.