8, TERN GROVE, HEYSHAM, MORECAMBE, LA3 2WH - £258,450

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 TERN GROVE is a very small detached house of 78m², built sometime between 2007 and 2011. It was last sold for £258,450 in September 2022, which was around 23% below the average September 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

8 TERN GROVE Sold Prices

Land registry data shows four sales for 8 TERN GROVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 8 TERN GROVE sales 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
2022 16 SEP	£258,450	£334,153	23% below HPI
2015 29 JUN	£165,000	£233,825	29% below HPI
2011 28 APR	£155,000	£217,823	29% below HPI
2003 30 MAY	£102,000	£142,286	28% below HPI

8 TERN GROVE 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 four 8 TERN GROVE sales between May 2003 and September 2022 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 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the September 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 8 TERN GROVE?

8 TERN GROVE is 78m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses in Heysham, based on EPC data. The below chart shows the distribution of detached houses by size in Heysham, and where 8 TERN GROVE lies on this distribution: 14% of detached houses are smaller than 8 TERN GROVE, and 85% of houses are larger. Note that EPC data is not available for all properties in Heysham.

8 TERN GROVE: Plot and Title Map

8 TERN GROVE sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 8 TERN GROVE, 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 TERN GROVE). 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 TERN GROVE?

8 TERN GROVE is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 8 on TERN GROVE.