8, SEVERN COURT, MORECAMBE, LA3 3ST - £245,000

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 SEVERN COURT is a midsized extended detached house of 99m², built sometime between 1991 and 1995, which could now be worth an estimated £285,337. It was last sold for £245,000 in September 2021, which was around 15% below the average September 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

8 SEVERN COURT Sold Prices

Land registry data shows three sales for 8 SEVERN COURT 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 SEVERN COURT 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
2021 6 SEP	£245,000	£286,806	15% below HPI
2009 12 NOV	£174,950	£218,494	20% below HPI
1997 2 MAY	£81,000	£76,677	6% above HPI

8 SEVERN COURT 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 SEVERN COURT sales between May 1997 and September 2021 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 November 2009 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2021 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 SEVERN COURT be worth now?

8 SEVERN COURT might now be worth an estimated £285,337.

This is based on house price inflation of 16.5%, between September 2021 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 16.5% inflationary increase is applied to the most recent sale price for 8 SEVERN COURT of £245,000 on 6th September 2021. For the value to have increased from £245,000 to £285,337 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 SEVERN COURT has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2021 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SEVERN COURT has not materially changed since September 2021.

How Large is 8 SEVERN COURT?

8 SEVERN COURT is 99m², which includes one extension, according to the EPC inspection conducted in May 2021. This puts it in the smallest 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 SEVERN COURT lies on this distribution: 44% of detached houses houses are smaller than 8 SEVERN COURT, and 55% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 SEVERN COURT: Plot and Title Map

8 SEVERN COURT sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 8 SEVERN COURT, 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 SEVERN COURT). 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 SEVERN COURT?

8 SEVERN COURT is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 8 on SEVERN COURT.