1, THE DRIVE, HEST BANK, LANCASTER, LA2 6DQ - £690,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

1 THE DRIVE is a very large extended detached house of 187m², built sometime between 1930 and 1949. It was last sold for £690,000 in May 2023, which was around 111% above the average May 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

1 THE DRIVE Sold Prices

Land registry data shows two sales for 1 THE 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 THE 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
2023 5 MAY	£690,000	£326,951	111% above HPI
2001 30 MAY	£210,000	£96,214	118% above HPI

1 THE 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 THE DRIVE sales from May 2001 and May 2023 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 May 2001 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the May 2023 sale, where it falls to 111% above the HPI. The line then continues to track at 111% above the HPI.

How Large is 1 THE DRIVE?

1 THE DRIVE is 187m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 20% of detached houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Hest Bank, and where 1 THE DRIVE lies on this distribution: 83% of detached houses are smaller than 1 THE DRIVE, and 17% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

1 THE DRIVE: Plot and Title Map

1 THE DRIVE sits on a plot of roughly 0.363 of an acre, or 1,468m². The below map shows the location of 1 THE 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 THE 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 THE DRIVE?

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