RED ROOFS, WHITE LUND ROAD, MORECAMBE, LA3 3DU - £325,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

RED ROOFS is a very large extended detached house of 172m², built sometime between 1930 and 1949. It was last sold for £325,000 in June 2021, which was around 11% above the average June 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was C.

RED ROOFS Sold Prices

Land registry data shows three sales for RED ROOFS 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 RED ROOFS sales were for above the average price, whilst one 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
2021 18 JUN	£325,000	£293,977	11% above HPI
2018 7 DEC	£225,000	£253,440	11% below HPI
2000 14 APR	£131,000	£89,271	47% above HPI

RED ROOFS 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 RED ROOFS sales between April 2000 and June 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 December 2018 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is RED ROOFS?

RED ROOFS is 172m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where RED ROOFS lies on this distribution: 91% of detached houses are smaller than RED ROOFS, and 8% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

RED ROOFS: Plot and Title Map

RED ROOFS sits on a plot of roughly 0.362 of an acre, or 1,464m². The below map shows the location of RED ROOFS, 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 RED ROOFS). 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 RED ROOFS?

RED ROOFS is located on WHITE LUND ROAD in MORECAMBE, in the LA3 postcode district. The below map shows the position of RED ROOFS on WHITE LUND ROAD.