24, BAILEY LANE, HEYSHAM, MORECAMBE, LA3 2PS - £85,000

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.

24 BAILEY LANE is a very small extended semi-detached house of 60m², built sometime before 1900, which could now be worth an estimated £133,429. It was last sold for £85,000 in February 2012, which was around 38% below the average February 2012 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was October 2011, where the current energy rating was E, and the potential energy rating was E.

24 BAILEY LANE Sold Prices

Land registry data shows one sale for 24 BAILEY LANE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2012 24 FEB	£85,000	£137,051	38% below HPI

What might 24 BAILEY LANE be worth now?

24 BAILEY LANE might now be worth an estimated £133,429.

This is based on house price inflation of 57%, between February 2012 and May 2026, for semi-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 57% inflationary increase is applied to the most recent sale price for 24 BAILEY LANE of £85,000 on 24th February 2012. For the value to have increased from £85,000 to £133,429 over the thirteen years and nine months to May 2026, the following assumptions must hold true:

• The value of 24 BAILEY LANE has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The February 2012 sale price of £85,000 represented a fair market value for the property.
• The size, condition, and specification of 24 BAILEY LANE has not materially changed since February 2012.

How Large is 24 BAILEY LANE?

24 BAILEY LANE is 60m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of semi-detached houses in Heysham, based on EPC data. The below chart shows the distribution of semi-detached houses by size in Heysham, and where 24 BAILEY LANE lies on this distribution: 10% of semi-detached houses are smaller than 24 BAILEY LANE, and 89% of semi-detached houses are larger. Note that EPC data is not available for all properties in Heysham.

24 BAILEY LANE: Plot

24 BAILEY LANE sits on a plot of roughly 0.064 of an acre, or 260m².

Where is 24 BAILEY LANE?

24 BAILEY LANE is located in HEYSHAM, in the LA3 postcode district.