6, CHESTER CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RF - £114,000

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.

6 CHESTER CLOSE is a very small terraced house of 66m², built sometime between 1991 and 1995, which could now be worth an estimated £157,997. It was last sold for £114,000 in June 2016, which was around 5% below the average June 2016 terraced price in the Lancaster local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

6 CHESTER CLOSE Sold Prices

Land registry data shows six sales for 6 CHESTER CLOSE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Most of the six 6 CHESTER 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
2016 2 JUN	£114,000	£120,059	5% below HPI
2003 4 SEP	£82,000	£71,636	14% above HPI
2003 7 FEB	£59,950	£59,400	1% above HPI
2001 31 OCT	£53,000	£46,411	14% above HPI
1997 24 JAN	£53,500	£34,613	55% above HPI
1996 31 JAN	£54,000	£35,418	52% above HPI

6 CHESTER 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 six 6 CHESTER CLOSE sales between January 1996 and June 2016 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 2003 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the June 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 6 CHESTER CLOSE be worth now?

6 CHESTER CLOSE might now be worth an estimated £157,997.

This is based on house price inflation of 38.6%, between June 2016 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 38.6% inflationary increase is applied to the most recent sale price for 6 CHESTER CLOSE of £114,000 on 2nd June 2016. For the value to have increased from £114,000 to £157,997 over the nine years to June 2025, the following assumptions must hold true:

• The value of 6 CHESTER CLOSE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The June 2016 sale price of £114,000 represented a fair market value for the property.
• The size, condition, and specification of 6 CHESTER CLOSE has not materially changed since June 2016.

How Large is 6 CHESTER CLOSE?

6 CHESTER CLOSE is 66m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% 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 6 CHESTER CLOSE lies on this distribution: 8% of terraced houses houses are smaller than 6 CHESTER CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

6 CHESTER CLOSE: Plot and Title Map

6 CHESTER CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 6 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 6 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 6 CHESTER CLOSE?

6 CHESTER CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 6 on CHESTER CLOSE.