72, OAK AVENUE, MORECAMBE, LA4 6HY - £245,000

72 OAK AVENUE is a very small detached house of 60m², built sometime between 1976 and 1982. It was last sold for £245,000 in February 2022, which was around 23% below the average February 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

72 OAK AVENUE Sold Prices

Land registry data shows two sales for 72 OAK AVENUE 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 72 OAK AVENUE 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
2022 2 FEB	£245,000	£317,819	23% below HPI
1997 22 OCT	£62,500	£81,590	23% below HPI

72 OAK AVENUE 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 72 OAK AVENUE sales from October 1997 and February 2022 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 October 1997 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the February 2022 sale, which was also at 23% below the HPI.

How Large is 72 OAK AVENUE?

72 OAK AVENUE is 60m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 72 OAK AVENUE lies on this distribution: 4% of detached houses are smaller than 72 OAK AVENUE, and 96% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

72 OAK AVENUE: Plot and Title Map

72 OAK AVENUE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 72 OAK AVENUE, 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 72 OAK AVENUE). 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 72 OAK AVENUE?

72 OAK AVENUE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 72 on OAK AVENUE.