8, BAZIL LANE, OVERTON, MORECAMBE, LA3 3JB - £275,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 BAZIL LANE is a very small detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £363,899. It was last sold for £275,000 in July 2019, which was around 9% above the average July 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2012, where the current energy rating was E, and the potential energy rating was B.

8 BAZIL LANE Sold Prices

Land registry data shows two sales for 8 BAZIL LANE 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. One of the two 8 BAZIL LANE sales was for above the average price, whilst the other was 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
2019 23 JUL	£275,000	£252,425	9% above HPI
2013 20 SEP	£155,000	£218,313	29% below HPI

8 BAZIL LANE 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 BAZIL LANE sales from September 2013 and July 2019 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 September 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2019 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 8 BAZIL LANE be worth now?

8 BAZIL LANE might now be worth an estimated £363,899.

This is based on house price inflation of 32.3%, between July 2019 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 32.3% inflationary increase is applied to the most recent sale price for 8 BAZIL LANE of £275,000 on 23rd July 2019. For the value to have increased from £275,000 to £363,899 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 8 BAZIL LANE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BAZIL LANE has not materially changed since July 2019.

How Large is 8 BAZIL LANE?

8 BAZIL LANE is 64m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% of detached houses houses in Overton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Overton, and where 8 BAZIL LANE lies on this distribution: 7% of detached houses houses are smaller than 8 BAZIL LANE, and 93% of houses are larger. Note that EPC data is not available for all properties in Overton.

8 BAZIL LANE: Plot and Title Map

8 BAZIL LANE sits on a plot of roughly 0.160 of an acre, or 647m². The below map shows the location of 8 BAZIL LANE, 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 BAZIL LANE). 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 BAZIL LANE?

8 BAZIL LANE is located in OVERTON, in the LA3 postcode district. The below map shows the position of No. 8 on BAZIL LANE.