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

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.

8 AKEMAN CLOSE is a midsized detached house of 110m², built sometime between 2003 and 2006, which could now be worth an estimated £172,954. It was last sold for £125,000 in October 2016, which was around 48% 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	£241,413	48% below HPI
2003 28 MAR	£106,950	£127,652	16% 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 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2016 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might 8 AKEMAN CLOSE be worth now?

8 AKEMAN CLOSE might now be worth an estimated £172,954.

This is based on house price inflation of 38.4%, between October 2016 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 38.4% inflationary increase is applied to the most recent sale price for 8 AKEMAN CLOSE of £125,000 on 31st October 2016. For the value to have increased from £125,000 to £172,954 over the nine years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 AKEMAN CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The October 2016 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 8 AKEMAN CLOSE has not materially changed since October 2016.

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 houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 8 AKEMAN CLOSE lies on this distribution: 57% of detached houses houses are smaller than 8 AKEMAN CLOSE, and 43% 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.