7, AIRE CLOSE, MORECAMBE, LA3 3SA - £199,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 AIRE CLOSE is a midsized detached house of 106m², built sometime between 1983 and 1990, which could now be worth an estimated £282,830. It was last sold for £199,000 in October 2015, which was around 15% below the average October 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was B.

7 AIRE CLOSE Sold Prices

Land registry data shows two sales for 7 AIRE 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 7 AIRE 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
2015 9 OCT	£199,000	£235,022	15% below HPI
2014 30 MAY	£211,000	£220,139	4% below HPI

7 AIRE 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 7 AIRE CLOSE sales from May 2014 and October 2015 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 May 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the October 2015 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 7 AIRE CLOSE be worth now?

7 AIRE CLOSE might now be worth an estimated £282,830.

This is based on house price inflation of 42.1%, between October 2015 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 42.1% inflationary increase is applied to the most recent sale price for 7 AIRE CLOSE of £199,000 on 9th October 2015. For the value to have increased from £199,000 to £282,830 over the ten years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 AIRE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The October 2015 sale price of £199,000 represented a fair market value for the property.
• The size, condition, and specification of 7 AIRE CLOSE has not materially changed since October 2015.

How Large is 7 AIRE CLOSE?

7 AIRE CLOSE is 106m² according to the EPC inspection conducted in November 2012. This puts it in the largest 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 7 AIRE CLOSE lies on this distribution: 52% of detached houses houses are smaller than 7 AIRE CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 AIRE CLOSE: Plot and Title Map

7 AIRE CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 7 AIRE 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 7 AIRE 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 7 AIRE CLOSE?

7 AIRE CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 7 on AIRE CLOSE.