2, THE COPPICE, MORECAMBE, LA4 6TS - £175,000

2 THE COPPICE is a very small detached house of 66m², built sometime between 1983 and 1990. It was last sold for £175,000 in July 2015, which was around 26% below the average July 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was B.

2 THE COPPICE Sold Prices

Land registry data shows three sales for 2 THE COPPICE 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 2 THE COPPICE 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
2015 6 JUL	£175,000	£236,548	26% below HPI
2012 14 NOV	£75,000	£228,324	67% below HPI
2002 11 OCT	£87,500	£129,912	33% below HPI

2 THE COPPICE 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 2 THE COPPICE sales between October 2002 and July 2015 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 November 2012 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the July 2015 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 THE COPPICE?

2 THE COPPICE is 66m² according to the EPC inspection conducted in May 2015. This puts it in the smallest 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 THE COPPICE lies on this distribution: 7% of detached houses are smaller than 2 THE COPPICE, and 92% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 THE COPPICE: Plot and Title Map

2 THE COPPICE sits on a plot of roughly 0.082 of an acre, or 330m². The below map shows the location of 2 THE COPPICE, 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 THE COPPICE). 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 THE COPPICE?

2 THE COPPICE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 2 on THE COPPICE.