12, TERN GROVE, HEYSHAM, MORECAMBE, LA3 2WH - £267,500

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.

12 TERN GROVE is a very large detached house of 140m², built sometime between 2003 and 2006, which could now be worth an estimated £317,199. It was last sold for £267,500 in February 2021, which was around 5% below the average February 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

12 TERN GROVE Sold Prices

Land registry data shows three sales for 12 TERN GROVE 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 12 TERN GROVE 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 12 FEB	£267,500	£280,980	5% below HPI
2006 11 DEC	£200,000	£216,811	8% below HPI
2004 12 FEB	£155,000	£165,797	7% below HPI

12 TERN GROVE 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 12 TERN GROVE sales between February 2004 and February 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 December 2006 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2021 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 12 TERN GROVE be worth now?

12 TERN GROVE might now be worth an estimated £317,199.

This is based on house price inflation of 18.6%, between February 2021 and March 2026, 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 18.6% inflationary increase is applied to the most recent sale price for 12 TERN GROVE of £267,500 on 12th February 2021. For the value to have increased from £267,500 to £317,199 over the four years and eleven months to March 2026, the following assumptions must hold true:

• The value of 12 TERN GROVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The February 2021 sale price of £267,500 represented a fair market value for the property.
• The size, condition, and specification of 12 TERN GROVE has not materially changed since February 2021.

How Large is 12 TERN GROVE?

12 TERN GROVE is 140m² according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses houses in Heysham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Heysham, and where 12 TERN GROVE lies on this distribution: 83% of detached houses houses are smaller than 12 TERN GROVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Heysham.

12 TERN GROVE: Plot and Title Map

12 TERN GROVE sits on a plot of roughly 0.067 of an acre, or 272m². The below map shows the location of 12 TERN GROVE, 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 12 TERN GROVE). 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 12 TERN GROVE?

12 TERN GROVE is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 12 on TERN GROVE.