5, WATLING CLOSE, MORECAMBE, LA3 3BG - £305,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

5 WATLING CLOSE is a midsized detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £300,540. It was last sold for £305,000 in August 2023, which was around 10% below the average August 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was C.

5 WATLING CLOSE Sold Prices

Land registry data shows five sales for 5 WATLING CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Most of the five 5 WATLING 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
2023 16 AUG	£305,000	£338,983	10% below HPI
2019 28 JUN	£219,950	£250,466	12% below HPI
2013 14 JUN	£165,000	£216,794	24% below HPI
2003 26 SEP	£146,000	£153,626	5% below HPI
2001 25 MAY	£104,995	£93,330	12% above HPI

5 WATLING 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 five 5 WATLING CLOSE sales between May 2001 and August 2023 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 June 2019 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2023 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 5 WATLING CLOSE be worth now?

5 WATLING CLOSE might now be worth an estimated £300,540.

This is based on house price deflation of 1.5%, between August 2023 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.5% deflationary decrease is applied to the most recent sale price for 5 WATLING CLOSE of £305,000 on 16th August 2023. For the value to have decreased from £305,000 to £300,540 over the two years and six months to February 2025, the following assumptions must hold true:

• The value of 5 WATLING CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2023 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WATLING CLOSE has not materially changed since August 2023.

How Large is 5 WATLING CLOSE?

5 WATLING CLOSE is 99m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 50% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 5 WATLING CLOSE lies on this distribution: 44% of detached houses houses are smaller than 5 WATLING CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

5 WATLING CLOSE: Plot and Title Map

5 WATLING CLOSE sits on a plot of roughly 0.074 of an acre, or 299m². The below map shows the location of 5 WATLING 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 WATLING 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 WATLING CLOSE?

5 WATLING CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 5 on WATLING CLOSE.