16, CATHEDRAL DRIVE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RE - £171,500

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.

16 CATHEDRAL DRIVE is a midsized extended detached house of 104m², built sometime between 1996 and 2002, which could now be worth an estimated £239,546. It was last sold for £171,500 in October 2017, which was around 28% below the average October 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2015, where the current energy rating was C, and the potential energy rating was B.

16 CATHEDRAL DRIVE Sold Prices

Land registry data shows six sales for 16 CATHEDRAL DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the six 16 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
2017 10 OCT	£171,500	£239,142	28% below HPI
2005 8 JUL	£155,000	£206,346	25% below HPI
2004 20 SEP	£140,000	£196,153	29% below HPI
2002 7 JUN	£85,000	£110,755	23% below HPI
2001 26 JAN	£69,950	£96,051	27% below HPI
1997 12 SEP	£71,400	£79,034	10% below HPI

16 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 six 16 CATHEDRAL DRIVE sales between September 1997 and October 2017 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2017 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 16 CATHEDRAL DRIVE be worth now?

16 CATHEDRAL DRIVE might now be worth an estimated £239,546.

This is based on house price inflation of 39.7%, between October 2017 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 39.7% inflationary increase is applied to the most recent sale price for 16 CATHEDRAL DRIVE of £171,500 on 10th October 2017. For the value to have increased from £171,500 to £239,546 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 16 CATHEDRAL DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The October 2017 sale price of £171,500 represented a fair market value for the property.
• The size, condition, and specification of 16 CATHEDRAL DRIVE has not materially changed since October 2017.

How Large is 16 CATHEDRAL DRIVE?

16 CATHEDRAL DRIVE is 104m², which includes one extension, according to the EPC inspection conducted in July 2015. 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 16 CATHEDRAL DRIVE lies on this distribution: 50% of detached houses houses are smaller than 16 CATHEDRAL DRIVE, and 49% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

16 CATHEDRAL DRIVE: Plot and Title Map

16 CATHEDRAL DRIVE sits on a plot of roughly 0.070 of an acre, or 284m². The below map shows the location of 16 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 16 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 16 CATHEDRAL DRIVE?

16 CATHEDRAL DRIVE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 16 on CATHEDRAL DRIVE.