MELROSE, ALDCLIFFE, LANCASTER, LA1 5BG - £340,000

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

MELROSE is a very small extended detached house of 116m², built sometime between 1950 and 1966. It was last sold for £340,000 in July 2007, which was around 45% above the average July 2007 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE 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. Both of the two MELROSE sales were 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
2007 4 JUL	£340,000	£233,921	45% above HPI
2007 25 APR	£375,000	£223,819	68% above HPI

MELROSE 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 MELROSE sales from April 2007 and July 2007 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 April 2007 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the July 2007 sale, where it falls to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is MELROSE?

MELROSE is 116m², which includes two extensions, according to the EPC inspection conducted in October 2013. This puts it in the smallest 10% of detached houses in Aldcliffe, based on EPC data. The below chart shows the distribution of detached houses by size in Aldcliffe, and where MELROSE lies on this distribution: 4% of detached houses are smaller than MELROSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Aldcliffe.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.134 of an acre, or 542m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located in ALDCLIFFE, in the LA1 postcode district. The below map shows the position of MELROSE in ALDCLIFFE.