4, CALDER WAY, MORECAMBE, LA3 3RX - £245,000

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.

4 CALDER WAY is a large extended detached house of 128m², built sometime between 1991 and 1995, which could now be worth an estimated £317,246. It was last sold for £245,000 in August 2018, which was around 3% below the average August 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was April 2018, where the current energy rating was C, and the potential energy rating was B.

4 CALDER WAY Sold Prices

Land registry data shows three sales for 4 CALDER WAY 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. Two of the three 4 CALDER WAY sales were for below the average price, whilst one was 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
2018 17 AUG	£245,000	£252,539	3% below HPI
2002 1 FEB	£94,000	£104,096	10% below HPI
1996 5 NOV	£95,000	£76,202	25% above HPI

4 CALDER WAY 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 4 CALDER WAY sales between November 1996 and August 2018 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 February 2002 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2018 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 4 CALDER WAY be worth now?

4 CALDER WAY might now be worth an estimated £317,246.

This is based on house price inflation of 29.5%, between August 2018 and March 2025, 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 29.5% inflationary increase is applied to the most recent sale price for 4 CALDER WAY of £245,000 on 17th August 2018. For the value to have increased from £245,000 to £317,246 over the seven years and five months to March 2025, the following assumptions must hold true:

• The value of 4 CALDER WAY has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2018 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CALDER WAY has not materially changed since August 2018.

How Large is 4 CALDER WAY?

4 CALDER WAY is 128m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the largest 30% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 4 CALDER WAY lies on this distribution: 73% of detached houses houses are smaller than 4 CALDER WAY, and 27% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

4 CALDER WAY: Plot and Title Map

4 CALDER WAY sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 4 CALDER WAY, 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 4 CALDER WAY). 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 4 CALDER WAY?

4 CALDER WAY is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 4 on CALDER WAY.