7, BROOK ROAD, MORECAMBE, LA3 1AX - £186,000

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 BROOK ROAD is a midsized extended detached house of 110m², built sometime between 1930 and 1949, which could now be worth an estimated £203,065. It was last sold for £186,000 in February 2022, which was around 39% below the average February 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

7 BROOK ROAD Sold Prices

Land registry data shows three sales for 7 BROOK ROAD 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. All of the three 7 BROOK ROAD 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 8 FEB	£186,000	£305,955	39% below HPI
2002 22 FEB	£48,000	£104,096	54% below HPI
2000 15 SEP	£27,500	£91,190	70% below HPI

7 BROOK ROAD 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 7 BROOK ROAD sales between September 2000 and February 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 February 2002 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2022 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 7 BROOK ROAD be worth now?

7 BROOK ROAD might now be worth an estimated £203,065.

This is based on house price inflation of 9.2%, between February 2022 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 9.2% inflationary increase is applied to the most recent sale price for 7 BROOK ROAD of £186,000 on 8th February 2022. For the value to have increased from £186,000 to £203,065 over the three years to February 2025, the following assumptions must hold true:

• The value of 7 BROOK ROAD has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2022 sale price of £186,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BROOK ROAD has not materially changed since February 2022.

How Large is 7 BROOK ROAD?

7 BROOK ROAD is 110m², which includes one extension, according to the EPC inspection conducted in July 2021. 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 BROOK ROAD lies on this distribution: 56% of detached houses houses are smaller than 7 BROOK ROAD, and 43% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 BROOK ROAD: Plot and Title Map

7 BROOK ROAD sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 7 BROOK ROAD, 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 BROOK ROAD). 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 BROOK ROAD?

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