1, MAIN CLOSE, OVERTON, MORECAMBE, LA3 3JP - £80,500

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 MAIN CLOSE is a very small semi-detached house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £119,985. It was last sold for £80,500 in July 2017, which was around 47% below the average July 2017 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

1 MAIN CLOSE Sold Prices

Land registry data shows three sales for 1 MAIN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. All of the three 1 MAIN CLOSE 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
2017 31 JUL	£80,500	£151,437	47% below HPI
2014 4 FEB	£80,000	£136,733	41% below HPI
2006 10 APR	£94,950	£134,595	29% below HPI

1 MAIN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lancaster local authority area over time, sourced from the HPI. The three 1 MAIN CLOSE sales between April 2006 and July 2017 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 February 2014 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the July 2017 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 1 MAIN CLOSE be worth now?

1 MAIN CLOSE might now be worth an estimated £119,985.

This is based on house price inflation of 49.1%, between July 2017 and July 2026, for semi-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 49.1% inflationary increase is applied to the most recent sale price for 1 MAIN CLOSE of £80,500 on 31st July 2017. For the value to have increased from £80,500 to £119,985 over the nine years to July 2026, the following assumptions must hold true:

• The value of 1 MAIN CLOSE has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The July 2017 sale price of £80,500 represented a fair market value for the property.
• The size, condition, and specification of 1 MAIN CLOSE has not materially changed since July 2017.

How Large is 1 MAIN CLOSE?

1 MAIN CLOSE is 46m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of semi-detached houses houses in Overton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Overton, and where 1 MAIN CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 1 MAIN CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Overton.

1 MAIN CLOSE: Plot and Title Map

1 MAIN CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 1 MAIN CLOSE, 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 MAIN CLOSE). 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 MAIN CLOSE?

1 MAIN CLOSE is located in OVERTON, in the LA3 postcode district. The below map shows the position of No. 1 on MAIN CLOSE.