4, ERMINE PLACE, MORECAMBE, LA3 3BU - £167,000

4 ERMINE PLACE is a small detached house of 92m², built sometime between 1996 and 2002. It was last sold for £167,000 in September 2014, which was around 29% below the average September 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

4 ERMINE PLACE Sold Prices

Land registry data shows two sales for 4 ERMINE PLACE 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 4 ERMINE PLACE 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
2014 17 SEP	£167,000	£233,755	29% below HPI
2000 27 APR	£75,000	£89,271	16% below HPI

4 ERMINE PLACE 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 two 4 ERMINE PLACE sales from April 2000 and September 2014 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 April 2000 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2014 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 4 ERMINE PLACE?

4 ERMINE PLACE is 92m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 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 4 ERMINE PLACE lies on this distribution: 36% of detached houses are smaller than 4 ERMINE PLACE, and 63% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

4 ERMINE PLACE: Plot and Title Map

4 ERMINE PLACE sits on a plot of roughly 0.051 of an acre, or 206m². The below map shows the location of 4 ERMINE PLACE, 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 ERMINE PLACE). 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 ERMINE PLACE?

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