7, PRIORSGATE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RN - £176,000

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 PRIORSGATE is a small extended detached house of 93m², built sometime between 1991 and 1995. It was last sold for £176,000 in December 2020, which was around 38% below the average December 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

7 PRIORSGATE Sold Prices

Land registry data shows two sales for 7 PRIORSGATE 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. One of the two 7 PRIORSGATE sales was for below the average price, whilst the other was roughly equal to 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
2020 11 DEC	£176,000	£284,916	38% below HPI
1995 4 SEP	£82,950	£83,340	Close to HPI

7 PRIORSGATE 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 PRIORSGATE sales from September 1995 and December 2020 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 1995 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2020 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is 7 PRIORSGATE?

7 PRIORSGATE is 93m², which includes one extension, according to the EPC inspection conducted in March 2012. 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 PRIORSGATE lies on this distribution: 38% of detached houses are smaller than 7 PRIORSGATE, and 62% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 PRIORSGATE: Plot and Title Map

7 PRIORSGATE sits on a plot of roughly 0.264 of an acre, or 1,070m². The below map shows the location of 7 PRIORSGATE, 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 PRIORSGATE). 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 PRIORSGATE?

7 PRIORSGATE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 7 on PRIORSGATE.