8, AKEMAN CLOSE, MORECAMBE, LA3 3BP - £125,000

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

8 AKEMAN CLOSE is a midsized detached house of 110m², built sometime between 2003 and 2006. It was last sold for £125,000 in October 2016, which was around 50% below the average October 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2009, where the current energy rating was B, and the potential energy rating was B.

8 AKEMAN CLOSE Sold Prices

Land registry data shows two sales for 8 AKEMAN CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Both of the two 8 AKEMAN 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
2016 31 OCT	£125,000	£248,873	50% below HPI
2003 28 MAR	£106,950	£131,597	19% below HPI

8 AKEMAN 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 two 8 AKEMAN CLOSE sales from March 2003 and October 2016 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 March 2003 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2016 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 8 AKEMAN CLOSE?

8 AKEMAN CLOSE is 110m² according to the EPC inspection conducted in September 2009. This puts it in the largest 50% 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 AKEMAN CLOSE lies on this distribution: 58% of detached houses are smaller than 8 AKEMAN CLOSE, and 42% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 AKEMAN CLOSE: Plot and Title Map

8 AKEMAN CLOSE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 8 AKEMAN 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 AKEMAN 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 AKEMAN CLOSE?

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