12, CATHEDRAL DRIVE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RE - £210,000

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.

12 CATHEDRAL DRIVE is a midsized extended detached house of 100m², built sometime between 2007 and 2011, which could now be worth an estimated £277,886. It was last sold for £210,000 in July 2019, which was around 17% below the average July 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

12 CATHEDRAL DRIVE Sold Prices

Land registry data shows four sales for 12 CATHEDRAL DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 12 CATHEDRAL 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
2019 19 JUL	£210,000	£252,425	17% below HPI
2015 18 MAY	£178,500	£223,757	20% below HPI
2013 12 APR	£180,000	£209,520	14% below HPI
2009 11 DEC	£175,000	£218,641	20% below HPI

12 CATHEDRAL 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 four 12 CATHEDRAL DRIVE sales between December 2009 and July 2019 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 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2019 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 12 CATHEDRAL DRIVE be worth now?

12 CATHEDRAL DRIVE might now be worth an estimated £277,886.

This is based on house price inflation of 32.3%, between July 2019 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 32.3% inflationary increase is applied to the most recent sale price for 12 CATHEDRAL DRIVE of £210,000 on 19th July 2019. For the value to have increased from £210,000 to £277,886 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 12 CATHEDRAL DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2019 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CATHEDRAL DRIVE has not materially changed since July 2019.

How Large is 12 CATHEDRAL DRIVE?

12 CATHEDRAL DRIVE is 100m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the smallest 50% 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 12 CATHEDRAL DRIVE lies on this distribution: 45% of detached houses houses are smaller than 12 CATHEDRAL DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

12 CATHEDRAL DRIVE: Plot and Title Map

12 CATHEDRAL DRIVE sits on a plot of roughly 0.589 of an acre, or 2,383m². The below map shows the location of 12 CATHEDRAL 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 12 CATHEDRAL 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 12 CATHEDRAL DRIVE?

12 CATHEDRAL DRIVE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 12 on CATHEDRAL DRIVE.