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

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

8 AIRE CLOSE is a large extended detached house of 116m², built sometime between 1991 and 1995. It was last sold for £189,950 in January 2015, which was around 17% 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	£228,023	17% below HPI
2006 17 NOV	£189,000	£222,356	15% below HPI
1996 8 AUG	£69,000	£78,615	12% 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 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the January 2015 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

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 in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 8 AIRE CLOSE lies on this distribution: 62% of detached 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.