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

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

16 CATHEDRAL DRIVE is a midsized extended detached house of 104m², built sometime between 1996 and 2002. It was last sold for £171,500 in October 2017, which was around 30% 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	£246,532	30% below HPI
2005 8 JUL	£155,000	£212,722	27% below HPI
2004 20 SEP	£140,000	£202,215	31% below HPI
2002 7 JUN	£85,000	£114,177	26% below HPI
2001 26 JAN	£69,950	£99,020	29% below HPI
1997 12 SEP	£71,400	£81,476	12% 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 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

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 in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 16 CATHEDRAL DRIVE lies on this distribution: 50% of detached 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.