1, CALDER WAY, MORECAMBE, LA3 3RX - £293,000

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.

1 CALDER WAY is a very large detached house of 150m², built sometime between 1991 and 1995, which could now be worth an estimated £367,475. It was last sold for £293,000 in December 2019, which was around 12% above the average December 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2019, where the current energy rating was D, and the potential energy rating was B.

1 CALDER WAY Sold Prices

Land registry data shows three sales for 1 CALDER WAY 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 1 CALDER WAY 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
2019 12 DEC	£293,000	£260,734	12% above HPI
2007 26 MAR	£275,000	£218,581	26% above HPI
2005 13 MAY	£249,950	£195,351	28% above HPI

1 CALDER WAY 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 1 CALDER WAY sales between May 2005 and December 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 March 2007 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the December 2019 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might 1 CALDER WAY be worth now?

1 CALDER WAY might now be worth an estimated £367,475.

This is based on house price inflation of 25.4%, between December 2019 and March 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 25.4% inflationary increase is applied to the most recent sale price for 1 CALDER WAY of £293,000 on 12th December 2019. For the value to have increased from £293,000 to £367,475 over the six years and nine months to March 2025, the following assumptions must hold true:

• The value of 1 CALDER WAY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The December 2019 sale price of £293,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CALDER WAY has not materially changed since December 2019.

How Large is 1 CALDER WAY?

1 CALDER WAY is 150m² according to the EPC inspection conducted in August 2019. This puts it in the largest 20% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 1 CALDER WAY lies on this distribution: 83% of detached houses houses are smaller than 1 CALDER WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 CALDER WAY: Plot and Title Map

1 CALDER WAY sits on a plot of roughly 0.117 of an acre, or 473m². The below map shows the location of 1 CALDER WAY, 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 1 CALDER WAY). 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 1 CALDER WAY?

1 CALDER WAY is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 1 on CALDER WAY.