1, LUNE DRIVE, MORECAMBE, LA3 3RZ - £215,000

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 LUNE DRIVE is a very large detached house of 168m², built sometime between 1991 and 1995. It was last sold for £215,000 in May 2016, which was around 11% below the average May 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.

1 LUNE DRIVE Sold Prices

Land registry data shows two sales for 1 LUNE 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. One of the two 1 LUNE DRIVE sales was for below the average price, whilst the other was 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
2016 16 MAY	£215,000	£242,787	11% below HPI
1996 19 FEB	£97,000	£77,004	26% above HPI

1 LUNE 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 LUNE DRIVE sales from February 1996 and May 2016 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 February 1996 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the May 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 LUNE DRIVE?

1 LUNE DRIVE is 168m² according to the EPC inspection conducted in February 2016. This puts it in the largest 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 1 LUNE DRIVE lies on this distribution: 90% of detached houses are smaller than 1 LUNE DRIVE, and 9% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

1 LUNE DRIVE: Plot and Title Map

1 LUNE DRIVE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 1 LUNE 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 LUNE 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 LUNE DRIVE?

1 LUNE DRIVE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 1 on LUNE DRIVE.