7, WATLING CLOSE, MORECAMBE, LA3 3BG - £132,000

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 WATLING CLOSE is a midsized detached house of 102m², built sometime between 1996 and 2002. It was last sold for £132,000 in May 2003, which was around 7% below the average May 2003 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2015, where the current energy rating was D, and the potential energy rating was C.

7 WATLING CLOSE Sold Prices

Land registry data shows two sales for 7 WATLING 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. One of the two 7 WATLING CLOSE sales was for below the average price, whilst the other was 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
2003 9 MAY	£132,000	£142,286	7% below HPI
2001 28 MAR	£98,995	£95,451	4% above HPI

7 WATLING 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 WATLING CLOSE sales from March 2001 and May 2003 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 2001 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2003 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 WATLING CLOSE?

7 WATLING CLOSE is 102m² according to the EPC inspection conducted in November 2015. This puts it in the smallest 50% 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 WATLING CLOSE lies on this distribution: 47% of detached houses are smaller than 7 WATLING CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 WATLING CLOSE: Plot and Title Map

7 WATLING CLOSE sits on a plot of roughly 0.063 of an acre, or 257m². The below map shows the location of 7 WATLING 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 WATLING 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 WATLING CLOSE?

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