8, PARSONAGE CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RH - £193,000

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 PARSONAGE CLOSE is a large extended detached house of 126m², built sometime between 1991 and 1995, which could now be worth an estimated £297,106. It was last sold for £193,000 in April 2014, which was around 11% below the average April 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was C.

8 PARSONAGE CLOSE Sold Prices

Land registry data shows three sales for 8 PARSONAGE CLOSE 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. Two of the three 8 PARSONAGE CLOSE sales were for below the average price, whilst one was for above 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
2014 24 APR	£193,000	£216,983	11% below HPI
2003 19 JUN	£155,000	£145,140	7% above HPI
1995 7 SEP	£53,000	£80,842	34% below HPI

8 PARSONAGE 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 three 8 PARSONAGE CLOSE sales between September 1995 and April 2014 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 June 2003 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the April 2014 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 8 PARSONAGE CLOSE be worth now?

8 PARSONAGE CLOSE might now be worth an estimated £297,106.

This is based on house price inflation of 53.9%, between April 2014 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 53.9% inflationary increase is applied to the most recent sale price for 8 PARSONAGE CLOSE of £193,000 on 24th April 2014. For the value to have increased from £193,000 to £297,106 over the eleven years and two months to February 2025, the following assumptions must hold true:

• The value of 8 PARSONAGE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The April 2014 sale price of £193,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PARSONAGE CLOSE has not materially changed since April 2014.

How Large is 8 PARSONAGE CLOSE?

8 PARSONAGE CLOSE is 126m², which includes two extensions, according to the EPC inspection conducted in September 2012. This puts it in the largest 30% 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 PARSONAGE CLOSE lies on this distribution: 72% of detached houses houses are smaller than 8 PARSONAGE CLOSE, and 28% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 PARSONAGE CLOSE: Plot and Title Map

8 PARSONAGE CLOSE sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 8 PARSONAGE 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 PARSONAGE 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 PARSONAGE CLOSE?

8 PARSONAGE CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 8 on PARSONAGE CLOSE.