3, AKEMAN CLOSE, MORECAMBE, LA3 3BP - £153,500

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.

3 AKEMAN CLOSE is a small terraced house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £197,523. It was last sold for £153,500 in September 2019, which was around 19% above the average September 2019 terraced price in the Lancaster local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

3 AKEMAN CLOSE Sold Prices

Land registry data shows four sales for 3 AKEMAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. All of the four 3 AKEMAN 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
2019 6 SEP	£153,500	£129,309	19% above HPI
2017 26 JUN	£136,000	£122,666	11% above HPI
2004 6 FEB	£122,500	£79,343	54% above HPI
2002 1 AUG	£98,950	£54,165	83% above HPI

3 AKEMAN 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 four 3 AKEMAN CLOSE sales between August 2002 and September 2019 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 June 2017 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the September 2019 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might 3 AKEMAN CLOSE be worth now?

3 AKEMAN CLOSE might now be worth an estimated £197,523.

This is based on house price inflation of 28.7%, between September 2019 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 28.7% inflationary increase is applied to the most recent sale price for 3 AKEMAN CLOSE of £153,500 on 6th September 2019. For the value to have increased from £153,500 to £197,523 over the six years and three months to June 2025, the following assumptions must hold true:

• The value of 3 AKEMAN CLOSE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The September 2019 sale price of £153,500 represented a fair market value for the property.
• The size, condition, and specification of 3 AKEMAN CLOSE has not materially changed since September 2019.

How Large is 3 AKEMAN CLOSE?

3 AKEMAN CLOSE is 95m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 40% 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 3 AKEMAN CLOSE lies on this distribution: 40% of terraced houses houses are smaller than 3 AKEMAN CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

3 AKEMAN CLOSE: Plot and Title Map

3 AKEMAN CLOSE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of 3 AKEMAN 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 3 AKEMAN 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 3 AKEMAN CLOSE?

3 AKEMAN CLOSE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 3 on AKEMAN CLOSE.