8, ELMS ROAD, MORECAMBE, LA4 6AP - £265,000

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 ELMS ROAD is a large extended detached house of 129m², built sometime between 1930 and 1949. It was last sold for £265,000 in March 2016, which was around 11% above the average March 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

8 ELMS ROAD Sold Prices

Land registry data shows three sales for 8 ELMS ROAD 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. One of the three 8 ELMS ROAD sales was for above the average price, whilst two 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 8 MAR	£265,000	£237,955	11% above HPI
1997 22 AUG	£75,000	£82,033	9% below HPI
1996 7 OCT	£69,500	£79,789	13% below HPI

8 ELMS ROAD 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 ELMS ROAD sales between October 1996 and March 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 August 1997 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the March 2016 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 8 ELMS ROAD?

8 ELMS ROAD is 129m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 30% 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 ELMS ROAD lies on this distribution: 74% of detached houses are smaller than 8 ELMS ROAD, and 25% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 ELMS ROAD: Plot and Title Map

8 ELMS ROAD sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 8 ELMS ROAD, 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 ELMS ROAD). 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 ELMS ROAD?

8 ELMS ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 8 on ELMS ROAD.