8, CLOISTERS, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RG - £195,000

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.

8 CLOISTERS is a midsized detached house of 109m², built sometime between 1983 and 1990, which could now be worth an estimated £269,971. It was last sold for £195,000 in September 2015, which was around 16% below the average September 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was B.

8 CLOISTERS Sold Prices

Land registry data shows three sales for 8 CLOISTERS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 8 CLOISTERS 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
2015 3 SEP	£195,000	£232,638	16% below HPI
2005 18 AUG	£184,000	£205,285	10% below HPI
2003 7 NOV	£149,950	£155,758	4% below HPI

8 CLOISTERS 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 three 8 CLOISTERS sales between November 2003 and September 2015 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 August 2005 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the September 2015 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 8 CLOISTERS be worth now?

8 CLOISTERS might now be worth an estimated £269,971.

This is based on house price inflation of 38.4%, between September 2015 and June 2025, for detached 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 38.4% inflationary increase is applied to the most recent sale price for 8 CLOISTERS of £195,000 on 3rd September 2015. For the value to have increased from £195,000 to £269,971 over the ten years and three months to June 2025, the following assumptions must hold true:

• The value of 8 CLOISTERS has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2015 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 8 CLOISTERS has not materially changed since September 2015.

How Large is 8 CLOISTERS?

8 CLOISTERS is 109m² according to the EPC inspection conducted in May 2012. This puts it in the largest 50% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 8 CLOISTERS lies on this distribution: 55% of detached houses houses are smaller than 8 CLOISTERS, and 44% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 CLOISTERS: Plot and Title Map

8 CLOISTERS sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 8 CLOISTERS, 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 8 CLOISTERS). 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 8 CLOISTERS?

8 CLOISTERS is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 8 on CLOISTERS.