1, PARSONAGE CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RH - £165,000

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 PARSONAGE CLOSE is a small extended detached house of 91m², built sometime between 1996 and 2002, which could now be worth an estimated £235,538. It was last sold for £165,000 in August 2014, which was around 27% below the average August 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

1 PARSONAGE CLOSE Sold Prices

Land registry data shows two sales for 1 PARSONAGE CLOSE 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 PARSONAGE 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
2014 8 AUG	£165,000	£225,624	27% below HPI
2014 7 MAR	£125,000	£214,634	42% below HPI

1 PARSONAGE CLOSE 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 PARSONAGE CLOSE sales from March 2014 and August 2014 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 2014 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the August 2014 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 1 PARSONAGE CLOSE be worth now?

1 PARSONAGE CLOSE might now be worth an estimated £235,538.

This is based on house price inflation of 42.8%, between August 2014 and June 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 42.8% inflationary increase is applied to the most recent sale price for 1 PARSONAGE CLOSE of £165,000 on 8th August 2014. For the value to have increased from £165,000 to £235,538 over the eleven years and two months to June 2025, the following assumptions must hold true:

• The value of 1 PARSONAGE CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2014 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PARSONAGE CLOSE has not materially changed since August 2014.

How Large is 1 PARSONAGE CLOSE?

1 PARSONAGE CLOSE is 91m², which includes one extension, according to the EPC inspection conducted in October 2015. This puts it in the smallest 40% 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 PARSONAGE CLOSE lies on this distribution: 35% of detached houses houses are smaller than 1 PARSONAGE CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 PARSONAGE CLOSE: Plot and Title Map

1 PARSONAGE CLOSE sits on a plot of roughly 0.221 of an acre, or 895m². The below map shows the location of 1 PARSONAGE 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 PARSONAGE 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 PARSONAGE CLOSE?

1 PARSONAGE CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 1 on PARSONAGE CLOSE.