71, OAK AVENUE, MORECAMBE, LA4 6HY - £260,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

71 OAK AVENUE is a very small detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £255,586. It was last sold for £260,000 in September 2024, which was around 23% below the average September 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 six sales for 71 OAK AVENUE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the six 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 26 SEP	£260,000	£339,795	23% below HPI
2024 9 FEB	£135,000	£327,359	59% below HPI
2014 18 JUL	£170,000	£224,793	24% below HPI
2009 11 NOV	£160,000	£218,494	27% below HPI
2006 18 DEC	£180,000	£216,811	17% below HPI
2004 6 OCT	£180,000	£198,389	9% 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 six 71 OAK AVENUE sales between October 2004 and September 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 February 2024 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the September 2024 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 71 OAK AVENUE be worth now?

71 OAK AVENUE might now be worth an estimated £255,586.

This is based on house price deflation of 1.7%, between September 2024 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.7% deflationary decrease is applied to the most recent sale price for 71 OAK AVENUE of £260,000 on 26th September 2024. For the value to have decreased from £260,000 to £255,586 over the one year and seven months to February 2025, the following assumptions must hold true:

• The value of 71 OAK AVENUE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2024 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of 71 OAK AVENUE has not materially changed since September 2024.

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 houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 71 OAK AVENUE lies on this distribution: 6% of detached houses 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.