15, LUNE DRIVE, MORECAMBE, LA3 3RZ - £213,000

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 LUNE DRIVE is a midsized detached house of 108m², built sometime between 1991 and 1995, which could now be worth an estimated £282,476. It was last sold for £213,000 in March 2019, which was around 15% below the average March 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

15 LUNE DRIVE Sold Prices

Land registry data shows three sales for 15 LUNE 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. The three 15 LUNE DRIVE sales were a mix of below the average price, and roughly equal to 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 8 MAR	£213,000	£251,871	15% below HPI
2001 2 MAR	£77,500	£92,590	16% below HPI
1997 7 NOV	£79,000	£79,148	Close to HPI

15 LUNE 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 15 LUNE DRIVE sales between November 1997 and March 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 March 2001 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 15 LUNE DRIVE be worth now?

15 LUNE DRIVE might now be worth an estimated £282,476.

This is based on house price inflation of 32.6%, between March 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 32.6% inflationary increase is applied to the most recent sale price for 15 LUNE DRIVE of £213,000 on 8th March 2019. For the value to have increased from £213,000 to £282,476 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 15 LUNE DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The March 2019 sale price of £213,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LUNE DRIVE has not materially changed since March 2019.

How Large is 15 LUNE DRIVE?

15 LUNE DRIVE is 108m² according to the EPC inspection conducted in November 2018. This puts it in the largest 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 15 LUNE DRIVE lies on this distribution: 54% of detached houses houses are smaller than 15 LUNE DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

15 LUNE DRIVE: Plot and Title Map

15 LUNE DRIVE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 15 LUNE 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 LUNE 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 LUNE DRIVE?

15 LUNE DRIVE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 15 on LUNE DRIVE.