15, CHESTER CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RF - £175,000

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.

15 CHESTER CLOSE is a very small terraced house of 68m², built sometime between 1991 and 1995, which could now be worth an estimated £166,986. It was last sold for £175,000 in October 2024, which was about the average October 2024 terraced price in the Lancaster local authority area. The most recent EPC inspection was May 2024, where the current energy rating was D, and the potential energy rating was B.

15 CHESTER CLOSE Sold Prices

Land registry data shows five sales for 15 CHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. The five 15 CHESTER CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2024 31 OCT	£175,000	£174,380	Close to HPI
2014 22 AUG	£110,000	£116,960	6% below HPI
2014 9 APR	£95,000	£111,770	15% below HPI
2001 3 DEC	£52,950	£45,991	15% above HPI
1996 21 JUN	£54,000	£35,204	53% above HPI

15 CHESTER CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lancaster local authority area over time, sourced from the HPI. The five 15 CHESTER CLOSE sales between June 1996 and October 2024 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 August 2014 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the October 2024 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 15 CHESTER CLOSE be worth now?

15 CHESTER CLOSE might now be worth an estimated £166,986.

This is based on house price deflation of 4.6%, between October 2024 and June 2025, for terraced 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 4.6% deflationary decrease is applied to the most recent sale price for 15 CHESTER CLOSE of £175,000 on 31st October 2024. For the value to have decreased from £175,000 to £166,986 over the one year and four months to June 2025, the following assumptions must hold true:

• The value of 15 CHESTER CLOSE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The October 2024 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHESTER CLOSE has not materially changed since October 2024.

How Large is 15 CHESTER CLOSE?

15 CHESTER CLOSE is 68m² according to the EPC inspection conducted in May 2024. This puts it in the smallest 10% of terraced houses houses in Morecambe, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Morecambe, and where 15 CHESTER CLOSE lies on this distribution: 10% of terraced houses houses are smaller than 15 CHESTER CLOSE, and 89% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

15 CHESTER CLOSE: Plot and Title Map

15 CHESTER CLOSE sits on a plot of roughly 0.056 of an acre, or 225m². The below map shows the location of 15 CHESTER 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 15 CHESTER 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 15 CHESTER CLOSE?

15 CHESTER CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 15 on CHESTER CLOSE.