2, AIRE CLOSE, MORECAMBE, LA3 3SA - £400,000

2 AIRE CLOSE is a very large extended detached house of 180m², built sometime between 1983 and 1990. It was last sold for £400,000 in June 2022, which was around 22% above the average June 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

2 AIRE CLOSE Sold Prices

Land registry data shows two sales for 2 AIRE 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 2 AIRE CLOSE sales were for above 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
2022 6 JUN	£400,000	£327,975	22% above HPI
2002 29 APR	£137,000	£108,896	26% above HPI

2 AIRE 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 2 AIRE CLOSE sales from April 2002 and June 2022 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 April 2002 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2022 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 2 AIRE CLOSE?

2 AIRE CLOSE is 180m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 2 AIRE CLOSE lies on this distribution: 94% of detached houses are smaller than 2 AIRE CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 AIRE CLOSE: Plot and Title Map

2 AIRE CLOSE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of 2 AIRE 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 2 AIRE 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 2 AIRE CLOSE?

2 AIRE CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 2 on AIRE CLOSE.