15, ROEBURN DRIVE, MORECAMBE, LA3 3RY - £240,000

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

15 ROEBURN DRIVE is a small detached house of 93m², built sometime between 1991 and 1995. It was last sold for £240,000 in May 2022, which was around 25% below the average May 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was January 2021, where the current energy rating was C, and the potential energy rating was B.

15 ROEBURN DRIVE Sold Prices

Land registry data shows five sales for 15 ROEBURN 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. All of the five 15 ROEBURN 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
2022 27 MAY	£240,000	£319,756	25% below HPI
2021 29 JAN	£230,000	£286,874	20% below HPI
2017 24 FEB	£183,000	£248,502	26% below HPI
2007 19 JAN	£190,000	£223,536	15% below HPI
2000 15 DEC	£81,500	£98,227	17% below HPI

15 ROEBURN 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 ROEBURN DRIVE sales between December 2000 and May 2022 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 January 2021 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2022 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 15 ROEBURN DRIVE?

15 ROEBURN DRIVE is 93m² according to the EPC inspection conducted in January 2021. This puts it in the smallest 40% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 15 ROEBURN DRIVE lies on this distribution: 37% of detached houses are smaller than 15 ROEBURN DRIVE, and 62% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

15 ROEBURN DRIVE: Plot and Title Map

15 ROEBURN DRIVE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 15 ROEBURN 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 ROEBURN 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 ROEBURN DRIVE?

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