8, AIRE CLOSE, MORECAMBE, LA3 3SA - £189,950

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.

8 AIRE CLOSE is a large extended detached house of 116m², built sometime between 1991 and 1995, which could now be worth an estimated £286,852. It was last sold for £189,950 in January 2015, which was around 14% below the average January 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

8 AIRE CLOSE Sold Prices

Land registry data shows three sales for 8 AIRE 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. All of the three 8 AIRE CLOSE 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
2015 15 JAN	£189,950	£221,188	14% below HPI
2006 17 NOV	£189,000	£215,691	12% below HPI
1996 8 AUG	£69,000	£76,259	10% below HPI

8 AIRE 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 8 AIRE CLOSE sales between August 1996 and January 2015 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 November 2006 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the January 2015 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 8 AIRE CLOSE be worth now?

8 AIRE CLOSE might now be worth an estimated £286,852.

This is based on house price inflation of 51%, between January 2015 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 51% inflationary increase is applied to the most recent sale price for 8 AIRE CLOSE of £189,950 on 15th January 2015. For the value to have increased from £189,950 to £286,852 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 AIRE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The January 2015 sale price of £189,950 represented a fair market value for the property.
• The size, condition, and specification of 8 AIRE CLOSE has not materially changed since January 2015.

How Large is 8 AIRE CLOSE?

8 AIRE CLOSE is 116m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 40% 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 8 AIRE CLOSE lies on this distribution: 62% of detached houses houses are smaller than 8 AIRE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 AIRE CLOSE: Plot and Title Map

8 AIRE CLOSE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 8 AIRE 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 8 AIRE 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 8 AIRE CLOSE?

8 AIRE CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 8 on AIRE CLOSE.