40A, ALBERT ROAD, MORECAMBE, LA4 4HF - £102,000

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.

40A ALBERT ROAD is a small extended terraced house of 88m², built sometime before 1900, which could now be worth an estimated £145,079. It was last sold for £102,000 in July 2007, which was around 16% below the average July 2007 terraced price in the Lancaster local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was C.

40A ALBERT ROAD Sold Prices

Land registry data shows three sales for 40A ALBERT ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Two of the three 40A ALBERT ROAD 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
2007 6 JUL	£102,000	£121,381	16% below HPI
2000 29 SEP	£15,500	£40,567	62% below HPI
1997 24 JAN	£70,000	£34,613	102% above HPI

40A ALBERT ROAD 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 three 40A ALBERT ROAD sales between January 1997 and July 2007 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 2000 sale was for 62% below the HPI. So the extrapolation line tracks at 62% below the HPI over time, until the July 2007 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 40A ALBERT ROAD be worth now?

40A ALBERT ROAD might now be worth an estimated £145,079.

This is based on house price inflation of 42.2%, between July 2007 and May 2026, 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 42.2% inflationary increase is applied to the most recent sale price for 40A ALBERT ROAD of £102,000 on 6th July 2007. For the value to have increased from £102,000 to £145,079 over the nineteen years and two months to May 2026, the following assumptions must hold true:

• The value of 40A ALBERT ROAD has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The July 2007 sale price of £102,000 represented a fair market value for the property.
• The size, condition, and specification of 40A ALBERT ROAD has not materially changed since July 2007.

How Large is 40A ALBERT ROAD?

40A ALBERT ROAD is 88m², which includes three extensions, according to the EPC inspection conducted in October 2017. 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 40A ALBERT ROAD lies on this distribution: 33% of terraced houses houses are smaller than 40A ALBERT ROAD, and 66% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

40A ALBERT ROAD: Plot and Title Map

40A ALBERT ROAD sits on a plot of roughly 0.020 of an acre, or 80m². The below map shows the location of 40A ALBERT ROAD, 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 40A ALBERT ROAD). 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 40A ALBERT ROAD?

40A ALBERT ROAD is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 40A on ALBERT ROAD.