12, REDWOOD DRIVE, MORECAMBE, LA4 6TP - £147,500

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

12 REDWOOD DRIVE is a very small detached house of 63m², built sometime between 1983 and 1990. It was last sold for £147,500 in April 2011, which was around 32% below the average April 2011 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

12 REDWOOD DRIVE Sold Prices

Land registry data shows three sales for 12 REDWOOD 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 12 REDWOOD 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
2011 19 APR	£147,500	£217,823	32% below HPI
2005 20 JUL	£147,500	£212,722	31% below HPI
2000 3 NOV	£65,000	£96,911	33% below HPI

12 REDWOOD 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 12 REDWOOD DRIVE sales between November 2000 and April 2011 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 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the April 2011 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 12 REDWOOD DRIVE?

12 REDWOOD DRIVE is 63m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 12 REDWOOD DRIVE lies on this distribution: 5% of detached houses are smaller than 12 REDWOOD DRIVE, and 95% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

12 REDWOOD DRIVE: Plot and Title Map

12 REDWOOD DRIVE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 12 REDWOOD 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 REDWOOD 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 REDWOOD DRIVE?

12 REDWOOD DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 12 on REDWOOD DRIVE.