44, CHAPEL VIEW, OVERTON, MORECAMBE, LA3 3EP - £55,000

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.

44 CHAPEL VIEW is a small terraced house of 49m², built sometime between 1976 and 1982, which could now be worth an estimated £75,710. It was last sold for £55,000 in February 2020, which was around 56% below the average February 2020 terraced price in the Lancaster local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was C.

44 CHAPEL VIEW Sold Prices

Land registry data shows two sales for 44 CHAPEL VIEW since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Both of the two 44 CHAPEL VIEW 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
2020 13 FEB	£55,000	£125,419	56% below HPI
2009 22 JAN	£60,000	£102,660	42% below HPI

44 CHAPEL VIEW 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 44 CHAPEL VIEW sales from January 2009 and February 2020 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 January 2009 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the February 2020 sale, where it falls to 56% below the HPI. The line then continues to track at 56% below the HPI.

What might 44 CHAPEL VIEW be worth now?

44 CHAPEL VIEW might now be worth an estimated £75,710.

This is based on house price inflation of 37.7%, between February 2020 and May 2026, 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 37.7% inflationary increase is applied to the most recent sale price for 44 CHAPEL VIEW of £55,000 on 13th February 2020. For the value to have increased from £55,000 to £75,710 over the five years and nine months to May 2026, the following assumptions must hold true:

• The value of 44 CHAPEL VIEW has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The February 2020 sale price of £55,000 represented a fair market value for the property.
• The size, condition, and specification of 44 CHAPEL VIEW has not materially changed since February 2020.

How Large is 44 CHAPEL VIEW?

44 CHAPEL VIEW is 49m² according to the EPC inspection conducted in January 2019. This puts it in the smallest 30% of terraced houses in Overton, based on EPC data. The below chart shows the distribution of terraced houses by size in Overton, and where 44 CHAPEL VIEW lies on this distribution: 22% of terraced houses are smaller than 44 CHAPEL VIEW, and 78% of terraced houses are larger. Note that EPC data is not available for all properties in Overton.

Where is 44 CHAPEL VIEW?

44 CHAPEL VIEW is located in OVERTON, in the LA3 postcode district.