1, CHERRY TREE DRIVE, LANCASTER, LA1 5LA - £405,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CHERRY TREE DRIVE is a very large extended detached house of 175m², built sometime between 1996 and 2002. It was last sold for £405,000 in October 2012, which was around 76% above the average October 2012 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 C.

1 CHERRY TREE DRIVE Sold Prices

Land registry data shows two sales for 1 CHERRY TREE DRIVE 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 1 CHERRY TREE DRIVE sales were for above 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
2012 22 OCT	£405,000	£230,392	76% above HPI
2000 20 SEP	£210,000	£94,008	123% above HPI

1 CHERRY TREE DRIVE 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 1 CHERRY TREE DRIVE sales from September 2000 and October 2012 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 September 2000 sale was for 123% above the HPI. So the extrapolation line tracks at 123% above the HPI over time, until the October 2012 sale, where it falls to 76% above the HPI. The line then continues to track at 76% above the HPI.

How Large is 1 CHERRY TREE DRIVE?

1 CHERRY TREE DRIVE is 175m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 1 CHERRY TREE DRIVE lies on this distribution: 87% of detached houses are smaller than 1 CHERRY TREE DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

1 CHERRY TREE DRIVE: Plot and Title Map

1 CHERRY TREE DRIVE sits on a plot of roughly 0.173 of an acre, or 700m². The below map shows the location of 1 CHERRY TREE DRIVE, 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 1 CHERRY TREE DRIVE). 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 1 CHERRY TREE DRIVE?

1 CHERRY TREE DRIVE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 1 on CHERRY TREE DRIVE.