16, RAIKES HILL DRIVE, HEST BANK, LANCASTER, LA2 6DA - £245,000

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 RAIKES HILL DRIVE is a small detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £379,369. It was last sold for £245,000 in April 2010, which was around 14% above the average April 2010 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2009, where the current energy rating was E, and the potential energy rating was D.

16 RAIKES HILL DRIVE Sold Prices

Land registry data shows two sales for 16 RAIKES HILL 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 Lancaster local authority area for the corresponding sale date. One of the two 16 RAIKES HILL DRIVE sales was for above the average price, whilst the other was 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
2010 1 APR	£245,000	£215,717	14% above HPI
2005 30 SEP	£200,000	£206,764	3% below HPI

16 RAIKES HILL 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 two 16 RAIKES HILL DRIVE sales from September 2005 and April 2010 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 2005 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2010 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 16 RAIKES HILL DRIVE be worth now?

16 RAIKES HILL DRIVE might now be worth an estimated £379,369.

This is based on house price inflation of 54.8%, between April 2010 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 54.8% inflationary increase is applied to the most recent sale price for 16 RAIKES HILL DRIVE of £245,000 on 1st April 2010. For the value to have increased from £245,000 to £379,369 over the fifteen years and two months to February 2025, the following assumptions must hold true:

• The value of 16 RAIKES HILL DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The April 2010 sale price of £245,000 represented a fair market value for the property.
• The size, condition, and specification of 16 RAIKES HILL DRIVE has not materially changed since April 2010.

How Large is 16 RAIKES HILL DRIVE?

16 RAIKES HILL DRIVE is 107m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 40% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where 16 RAIKES HILL DRIVE lies on this distribution: 32% of detached houses houses are smaller than 16 RAIKES HILL DRIVE, and 68% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

16 RAIKES HILL DRIVE: Plot and Title Map

16 RAIKES HILL DRIVE sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 16 RAIKES HILL 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 RAIKES HILL 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 RAIKES HILL DRIVE?

16 RAIKES HILL DRIVE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 16 on RAIKES HILL DRIVE.