16, LUCERNE DRIVE, GUISBOROUGH, TS14 8DZ - £255,000

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.

16 LUCERNE DRIVE is a midsized extended detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £299,166. It was last sold for £255,000 in May 2021, which was around 18% above the average May 2021 detached price in the Redcar and Cleveland local authority area. The most recent EPC inspection was October 2020, where the current energy rating was E, and the potential energy rating was C.

16 LUCERNE DRIVE Sold Prices

Land registry data shows two sales for 16 LUCERNE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Redcar and Cleveland local authority area for the corresponding sale date. Both of the two 16 LUCERNE DRIVE sales were for above 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
2021 28 MAY	£255,000	£216,257	18% above HPI
2009 11 SEP	£219,000	£186,487	17% above HPI

16 LUCERNE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redcar and Cleveland local authority area over time, sourced from the HPI. The two 16 LUCERNE DRIVE sales from September 2009 and May 2021 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 September 2009 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the May 2021 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 16 LUCERNE DRIVE be worth now?

16 LUCERNE DRIVE might now be worth an estimated £299,166.

This is based on house price inflation of 17.3%, between May 2021 and March 2025, for detached houses, in the Redcar and Cleveland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.3% inflationary increase is applied to the most recent sale price for 16 LUCERNE DRIVE of £255,000 on 28th May 2021. For the value to have increased from £255,000 to £299,166 over the four years and two months to March 2025, the following assumptions must hold true:

• The value of 16 LUCERNE DRIVE has moved in line with the HPI for detached houses in the Redcar and Cleveland local authority area.
• The May 2021 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LUCERNE DRIVE has not materially changed since May 2021.

How Large is 16 LUCERNE DRIVE?

16 LUCERNE DRIVE is 113m², which includes three extensions, according to the EPC inspection conducted in October 2020. This puts it in the smallest 50% of detached houses houses in Guisborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Guisborough, and where 16 LUCERNE DRIVE lies on this distribution: 45% of detached houses houses are smaller than 16 LUCERNE DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Guisborough.

16 LUCERNE DRIVE: Plot and Title Map

16 LUCERNE DRIVE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 16 LUCERNE 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 LUCERNE 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 LUCERNE DRIVE?

16 LUCERNE DRIVE is located in GUISBOROUGH, in the TS14 postcode district. The below map shows the position of No. 16 on LUCERNE DRIVE.