74, OSBORNE ROAD, HEYSHAM, MORECAMBE, LA3 1AB - £150,000

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

74 OSBORNE ROAD is a very small detached house of 70m², built sometime between 1930 and 1949. It was last sold for £150,000 in February 2022, which was around 52% below the average February 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2021, where the current energy rating was E, and the potential energy rating was B.

74 OSBORNE ROAD Sold Prices

Land registry data shows four sales for 74 OSBORNE ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 74 OSBORNE ROAD 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
2022 10 FEB	£150,000	£315,410	52% below HPI
2012 20 JAN	£150,500	£220,838	32% below HPI
2008 4 MAR	£167,080	£238,074	30% below HPI
2002 20 DEC	£80,000	£135,124	41% below HPI

74 OSBORNE ROAD 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 four 74 OSBORNE ROAD sales between December 2002 and February 2022 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 January 2012 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the February 2022 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is 74 OSBORNE ROAD?

74 OSBORNE ROAD is 70m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 74 OSBORNE ROAD lies on this distribution: 12% of detached houses are smaller than 74 OSBORNE ROAD, and 87% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

74 OSBORNE ROAD: Plot and Title Map

74 OSBORNE ROAD sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 74 OSBORNE ROAD, 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 74 OSBORNE ROAD). 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 74 OSBORNE ROAD?

74 OSBORNE ROAD is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 74 on OSBORNE ROAD.