3, CHESTER CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RF - £158,000

3 CHESTER CLOSE is a large detached house of 115m², built sometime between 1996 and 2002. It was last sold for £158,000 in November 2015, which was around 35% below the average November 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2008, where the current energy rating was D, and the potential energy rating was C.

3 CHESTER CLOSE Sold Prices

Land registry data shows three sales for 3 CHESTER CLOSE 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 3 CHESTER 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
2015 27 NOV	£158,000	£242,560	35% below HPI
2009 25 SEP	£164,950	£213,246	23% below HPI
1997 27 MAR	£34,900	£76,428	54% below HPI

3 CHESTER 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 three 3 CHESTER CLOSE sales between March 1997 and November 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 September 2009 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the November 2015 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 3 CHESTER CLOSE?

3 CHESTER CLOSE is 115m² according to the EPC inspection conducted in October 2008. This puts it in the largest 40% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 3 CHESTER CLOSE lies on this distribution: 61% of detached houses are smaller than 3 CHESTER CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

3 CHESTER CLOSE: Plot and Title Map

3 CHESTER CLOSE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 3 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 3 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 3 CHESTER CLOSE?

3 CHESTER CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 3 on CHESTER CLOSE.