BROOKFIELD, LANCASTER ROAD, OVERTON, MORECAMBE, LA3 3EZ - £370,000

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.

BROOKFIELD is a midsized extended detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £487,210. It was last sold for £370,000 in August 2019, which was around 46% above the average August 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was C.

BROOKFIELD Sold Prices

Land registry data shows two sales for BROOKFIELD 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 BROOKFIELD 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 13 AUG	£370,000	£253,668	46% above HPI
2019 12 AUG	£220,000	£253,668	13% below HPI

BROOKFIELD 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 BROOKFIELD sales from August 2019 and August 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 August 2019 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2019 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might BROOKFIELD be worth now?

BROOKFIELD might now be worth an estimated £487,210.

This is based on house price inflation of 31.7%, between August 2019 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 31.7% inflationary increase is applied to the most recent sale price for BROOKFIELD of £370,000 on 13th August 2019. For the value to have increased from £370,000 to £487,210 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of BROOKFIELD has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2019 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of BROOKFIELD has not materially changed since August 2019.

How Large is BROOKFIELD?

BROOKFIELD is 113m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the smallest 50% of detached houses houses in Overton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Overton, and where BROOKFIELD lies on this distribution: 47% of detached houses houses are smaller than BROOKFIELD, and 51% of houses are larger. Note that EPC data is not available for all properties in Overton.

BROOKFIELD: Plot and Title Map

BROOKFIELD sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of BROOKFIELD, 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 BROOKFIELD). 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 BROOKFIELD?

BROOKFIELD is located on LANCASTER ROAD in OVERTON, in the LA3 postcode district. The below map shows the position of BROOKFIELD on LANCASTER ROAD.