15, CLEVELAND DRIVE, LANCASTER, LA1 5EW - £190,000

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.

15 CLEVELAND DRIVE is a very small extended detached house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £279,891. It was last sold for £190,000 in September 2014, which was around 16% below the average September 2014 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2023, where the current energy rating was C, and the potential energy rating was B.

15 CLEVELAND DRIVE Sold Prices

Land registry data shows five sales for 15 CLEVELAND DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Most of the five 15 CLEVELAND 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
2014 26 SEP	£190,000	£226,749	16% below HPI
2004 24 MAY	£175,000	£180,096	3% below HPI
2003 28 MAR	£137,000	£127,652	7% above HPI
1998 27 NOV	£77,500	£81,200	5% below HPI
1998 24 JUL	£77,000	£79,567	3% below HPI

15 CLEVELAND 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 five 15 CLEVELAND DRIVE sales between July 1998 and September 2014 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 2004 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the September 2014 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 CLEVELAND DRIVE be worth now?

15 CLEVELAND DRIVE might now be worth an estimated £279,891.

This is based on house price inflation of 47.3%, between September 2014 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 47.3% inflationary increase is applied to the most recent sale price for 15 CLEVELAND DRIVE of £190,000 on 26th September 2014. For the value to have increased from £190,000 to £279,891 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of 15 CLEVELAND DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The September 2014 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CLEVELAND DRIVE has not materially changed since September 2014.

How Large is 15 CLEVELAND DRIVE?

15 CLEVELAND DRIVE is 77m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the smallest 10% of detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 15 CLEVELAND DRIVE lies on this distribution: 7% of detached houses houses are smaller than 15 CLEVELAND DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

15 CLEVELAND DRIVE: Plot and Title Map

15 CLEVELAND DRIVE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 15 CLEVELAND 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 15 CLEVELAND 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 15 CLEVELAND DRIVE?

15 CLEVELAND DRIVE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 15 on CLEVELAND DRIVE.