1, PROSPECT DRIVE, HEST BANK, LANCASTER, LA2 6HX - £355,000

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.

1 PROSPECT DRIVE is a midsized detached house of 123m², built sometime between 2003 and 2006, which could now be worth an estimated £501,157. It was last sold for £355,000 in July 2016, which was around 50% above the average July 2016 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2016, where the current energy rating was C, and the potential energy rating was B.

1 PROSPECT DRIVE Sold Prices

Land registry data shows two sales for 1 PROSPECT 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 PROSPECT 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
2016 15 JUL	£355,000	£236,611	50% above HPI
2004 6 JUL	£275,000	£189,861	45% above HPI

1 PROSPECT 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 PROSPECT DRIVE sales from July 2004 and July 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 July 2004 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the July 2016 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 1 PROSPECT DRIVE be worth now?

1 PROSPECT DRIVE might now be worth an estimated £501,157.

This is based on house price inflation of 41.2%, between July 2016 and February 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 41.2% inflationary increase is applied to the most recent sale price for 1 PROSPECT DRIVE of £355,000 on 15th July 2016. For the value to have increased from £355,000 to £501,157 over the nine years and five months to February 2025, the following assumptions must hold true:

• The value of 1 PROSPECT DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2016 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 1 PROSPECT DRIVE has not materially changed since July 2016.

How Large is 1 PROSPECT DRIVE?

1 PROSPECT DRIVE is 123m² according to the EPC inspection conducted in May 2016. This puts it in the smallest 50% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where 1 PROSPECT DRIVE lies on this distribution: 47% of detached houses houses are smaller than 1 PROSPECT DRIVE, and 51% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

1 PROSPECT DRIVE: Plot and Title Map

1 PROSPECT DRIVE sits on a plot of roughly 0.146 of an acre, or 592m². The below map shows the location of 1 PROSPECT 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 PROSPECT 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 PROSPECT DRIVE?

1 PROSPECT DRIVE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 1 on PROSPECT DRIVE.