7, GRASMERE ROAD, MORECAMBE, LA4 6EN - £75,000

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

7 GRASMERE ROAD is a small detached house of 93m², built sometime between 1976 and 1982. It was last sold for £75,000 in July 1998, which was around 9% below the average July 1998 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2016, where the current energy rating was B, and the potential energy rating was A.

7 GRASMERE ROAD Sold Prices

Land registry data shows two sales for 7 GRASMERE ROAD 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 GRASMERE 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
1998 30 JUL	£75,000	£82,026	9% below HPI
1995 4 AUG	£55,000	£81,987	33% below HPI

7 GRASMERE 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 two 7 GRASMERE ROAD sales from August 1995 and July 1998 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 August 1995 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the July 1998 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 7 GRASMERE ROAD?

7 GRASMERE ROAD is 93m² according to the EPC inspection conducted in March 2016. 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 7 GRASMERE ROAD lies on this distribution: 37% of detached houses are smaller than 7 GRASMERE ROAD, and 62% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 GRASMERE ROAD: Plot and Title Map

7 GRASMERE ROAD sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 7 GRASMERE 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 GRASMERE 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 GRASMERE ROAD?

7 GRASMERE ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 7 on GRASMERE ROAD.