2, ARRAN CLOSE, HEYSHAM, MORECAMBE, LA3 2YD - £157,000

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.

2 ARRAN CLOSE is a very small extended property classified by the Land Registry as "other" of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £199,334. It was last sold for £157,000 in November 2019, which was around 40% below the average November 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

2 ARRAN CLOSE Sold Prices

Land registry data shows two sales for 2 ARRAN 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 ARRAN 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
2019 25 NOV	£157,000	£262,062	40% below HPI
2019 25 NOV	£157,000	£262,062	40% below HPI

What might 2 ARRAN CLOSE be worth now?

2 ARRAN CLOSE might now be worth an estimated £199,334.

This is based on house price inflation of 27%, between November 2019 and April 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 27% inflationary increase is applied to the most recent sale price for 2 ARRAN CLOSE of £157,000 on 25th November 2019. For the value to have increased from £157,000 to £199,334 over the seven years and seven months to April 2026, the following assumptions must hold true:

• The value of 2 ARRAN CLOSE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2019 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ARRAN CLOSE has not materially changed since November 2019.

How Large is 2 ARRAN CLOSE?

2 ARRAN CLOSE is 70m², which includes one extension, according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses in Heysham, based on EPC data. The below chart shows the distribution of detached houses by size in Heysham, and where 2 ARRAN CLOSE lies on this distribution: 8% of detached houses are smaller than 2 ARRAN CLOSE, and 92% of detached houses are larger. Note that EPC data is not available for all properties in Heysham.

2 ARRAN CLOSE: Plot

2 ARRAN CLOSE sits on a plot of roughly 0.076 of an acre, or 309m².

Where is 2 ARRAN CLOSE?

2 ARRAN CLOSE is located in HEYSHAM, in the LA3 postcode district.