7, WELLS CLOSE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RS - £295,000

7 WELLS CLOSE is a large detached house of 122m², built sometime between 1996 and 2002. It was last sold for £295,000 in March 2021, which was around 1% above the average March 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

7 WELLS CLOSE Sold Prices

Land registry data shows four sales for 7 WELLS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Most of the four 7 WELLS 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
2021 15 MAR	£295,000	£293,203	1% above HPI
2016 11 FEB	£189,000	£237,093	20% below HPI
2007 29 JUN	£225,000	£230,931	3% below HPI
1997 26 SEP	£50,400	£81,476	38% below HPI

7 WELLS 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 four 7 WELLS CLOSE sales between September 1997 and March 2021 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 2016 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the March 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 7 WELLS CLOSE?

7 WELLS CLOSE is 122m² according to the EPC inspection conducted in November 2009. 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 7 WELLS CLOSE lies on this distribution: 69% of detached houses are smaller than 7 WELLS CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

7 WELLS CLOSE: Plot and Title Map

7 WELLS CLOSE sits on a plot of roughly 0.137 of an acre, or 556m². The below map shows the location of 7 WELLS 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 7 WELLS 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 7 WELLS CLOSE?

7 WELLS CLOSE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 7 on WELLS CLOSE.