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

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 BAZIL LANE is a very small detached house of 64m², built sometime between 1967 and 1975. It was last sold for £275,000 in July 2019, which was around 6% 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	£260,225	6% above HPI
2013 20 SEP	£155,000	£225,059	31% 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2019 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

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 in Overton, based on EPC data. The below chart shows the distribution of detached houses by size in Overton, and where 8 BAZIL LANE lies on this distribution: 7% of detached 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.