1, NEEDHAM RISE, MORECAMBE, LA4 4PJ - £159,000

1 NEEDHAM RISE is a very small detached house of 73m², built sometime between 1930 and 1949. It was last sold for £159,000 in April 2017, which was around 37% below the average April 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2015, where the current energy rating was E, and the potential energy rating was B.

1 NEEDHAM RISE Sold Prices

Land registry data shows two sales for 1 NEEDHAM RISE 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 1 NEEDHAM RISE 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 21 APR	£159,000	£251,215	37% below HPI
2016 24 FEB	£127,500	£237,093	46% below HPI

1 NEEDHAM RISE 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 1 NEEDHAM RISE sales from February 2016 and April 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 2016 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the April 2017 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 1 NEEDHAM RISE?

1 NEEDHAM RISE is 73m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 1 NEEDHAM RISE lies on this distribution: 15% of detached houses are smaller than 1 NEEDHAM RISE, and 85% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 NEEDHAM RISE: Plot and Title Map

1 NEEDHAM RISE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 1 NEEDHAM RISE, 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 NEEDHAM RISE). 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 NEEDHAM RISE?

1 NEEDHAM RISE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 1 on NEEDHAM RISE.