11, CHESTNUT DRIVE, MORECAMBE, LA4 6HN - £244,000

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

11 CHESTNUT DRIVE is a small extended detached house of 78m², built sometime between 1967 and 1975. It was last sold for £244,000 in June 2021, which was around 17% below the average June 2021 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

11 CHESTNUT DRIVE Sold Prices

Land registry data shows three sales for 11 CHESTNUT DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 11 CHESTNUT DRIVE 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
2021 28 JUN	£244,000	£293,977	17% below HPI
1999 28 JUN	£75,500	£85,877	12% below HPI
1996 13 JUN	£55,000	£77,368	29% below HPI

11 CHESTNUT 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 three 11 CHESTNUT DRIVE sales between June 1996 and June 2021 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 June 1999 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the June 2021 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 11 CHESTNUT DRIVE?

11 CHESTNUT DRIVE is 78m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 30% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 11 CHESTNUT DRIVE lies on this distribution: 23% of detached houses are smaller than 11 CHESTNUT DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

11 CHESTNUT DRIVE: Plot and Title Map

11 CHESTNUT DRIVE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 11 CHESTNUT 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 11 CHESTNUT 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 11 CHESTNUT DRIVE?

11 CHESTNUT DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 11 on CHESTNUT DRIVE.