7, PRIORY CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RL - £351,000

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 PRIORY CLOSE is a large detached house of 135m², built sometime between 1991 and 1995. It was last sold for £351,000 in September 2023, which was around 1% below the average September 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

7 PRIORY CLOSE Sold Prices

Land registry data shows three sales for 7 PRIORY CLOSE 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. One of the three 7 PRIORY CLOSE sales was for below the average price, whilst two were for above 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 7 SEP	£351,000	£355,358	1% below HPI
2013 8 MAR	£250,000	£213,362	17% above HPI
1995 10 MAR	£92,000	£79,970	15% above HPI

7 PRIORY 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 three 7 PRIORY CLOSE sales between March 1995 and September 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 March 2013 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the September 2023 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 7 PRIORY CLOSE?

7 PRIORY CLOSE is 135m² according to the EPC inspection conducted in February 2023. This puts it in the largest 30% 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 PRIORY CLOSE lies on this distribution: 79% of detached houses are smaller than 7 PRIORY CLOSE, and 21% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 PRIORY CLOSE: Plot and Title Map

7 PRIORY CLOSE sits on a plot of roughly 0.558 of an acre, or 2,259m². The below map shows the location of 7 PRIORY 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 PRIORY 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 PRIORY CLOSE?

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