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

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.

11 CHESTNUT DRIVE is a small extended detached house of 78m², built sometime between 1967 and 1975, which could now be worth an estimated £285,808. It was last sold for £244,000 in June 2021, which was around 14% 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	£285,165	14% below HPI
1999 28 JUN	£75,500	£83,303	9% below HPI
1996 13 JUN	£55,000	£75,049	27% 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 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 11 CHESTNUT DRIVE be worth now?

11 CHESTNUT DRIVE might now be worth an estimated £285,808.

This is based on house price inflation of 17.1%, between June 2021 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 17.1% inflationary increase is applied to the most recent sale price for 11 CHESTNUT DRIVE of £244,000 on 28th June 2021. For the value to have increased from £244,000 to £285,808 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 11 CHESTNUT DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The June 2021 sale price of £244,000 represented a fair market value for the property.
• The size, condition, and specification of 11 CHESTNUT DRIVE has not materially changed since June 2021.

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 houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 11 CHESTNUT DRIVE lies on this distribution: 23% of detached houses 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.