71, OAK AVENUE, MORECAMBE, LA4 6HY - £135,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

71 OAK AVENUE is a very small detached house of 64m², built sometime between 1967 and 1975. It was last sold for £135,000 in February 2024, which was around 60% below the average February 2024 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was D.

71 OAK AVENUE Sold Prices

Land registry data shows five sales for 71 OAK AVENUE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the five 71 OAK AVENUE 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
2024 9 FEB	£135,000	£339,982	60% below HPI
2014 18 JUL	£170,000	£231,739	27% below HPI
2009 11 NOV	£160,000	£225,246	29% below HPI
2006 18 DEC	£180,000	£223,510	19% below HPI
2004 6 OCT	£180,000	£204,520	12% below HPI

71 OAK AVENUE 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 five 71 OAK AVENUE sales between October 2004 and February 2024 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 July 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the February 2024 sale, where it falls to 60% below the HPI. The line then continues to track at 60% below the HPI.

How Large is 71 OAK AVENUE?

71 OAK AVENUE is 64m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 71 OAK AVENUE lies on this distribution: 6% of detached houses are smaller than 71 OAK AVENUE, and 94% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

71 OAK AVENUE: Plot and Title Map

71 OAK AVENUE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 71 OAK AVENUE, 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 71 OAK AVENUE). 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 71 OAK AVENUE?

71 OAK AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 71 on OAK AVENUE.