THE OLD BARN, BACK STREET, OVERTON, MORECAMBE, LA3 3HE - £236,000

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

THE OLD BARN is a small detached house of 91m², built sometime before 1900. It was last sold for £236,000 in July 2021, which was around 19% below the average July 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was B.

THE OLD BARN Sold Prices

Land registry data shows three sales for THE OLD BARN 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. All of the three THE OLD BARN 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
2021 6 JUL	£236,000	£291,258	19% below HPI
2018 16 NOV	£190,000	£254,780	25% below HPI
2004 25 MAY	£180,000	£185,661	3% below HPI

THE OLD BARN 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 THE OLD BARN sales between May 2004 and July 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 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2021 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is THE OLD BARN?

THE OLD BARN is 91m² according to the EPC inspection conducted in March 2020. This puts it in the smallest 30% of detached houses in Overton, based on EPC data. The below chart shows the distribution of detached houses by size in Overton, and where THE OLD BARN lies on this distribution: 26% of detached houses are smaller than THE OLD BARN, and 74% of houses are larger. Note that EPC data is not available for all properties in Overton.

THE OLD BARN: Plot and Title Map

THE OLD BARN sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of THE OLD BARN, 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 THE OLD BARN). 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 THE OLD BARN?

THE OLD BARN is located on BACK STREET in OVERTON, in the LA3 postcode district. The below map shows the position of THE OLD BARN on BACK STREET.