18, CATHEDRAL DRIVE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RE - £225,000

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

18 CATHEDRAL DRIVE is a midsized extended detached house of 100m², built sometime between 1991 and 1995. It was last sold for £225,000 in April 2019, which was around 13% below the average April 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2024, where the current energy rating was C, and the potential energy rating was B.

18 CATHEDRAL DRIVE Sold Prices

Land registry data shows four sales for 18 CATHEDRAL DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. two of the four 18 CATHEDRAL DRIVE sales were for below the average price, and four 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
2019 11 APR	£225,000	£257,681	13% below HPI
2012 23 MAY	£210,000	£217,357	3% below HPI
2001 28 NOV	£112,000	£107,627	4% above HPI
1997 26 SEP	£103,000	£81,476	26% above HPI

18 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 four 18 CATHEDRAL DRIVE sales between September 1997 and April 2019 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 May 2012 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the April 2019 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 18 CATHEDRAL DRIVE?

18 CATHEDRAL DRIVE is 100m², which includes one extension, according to the EPC inspection conducted in May 2024. This puts it in the smallest 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 18 CATHEDRAL DRIVE lies on this distribution: 46% of detached houses are smaller than 18 CATHEDRAL DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

18 CATHEDRAL DRIVE: Plot and Title Map

18 CATHEDRAL DRIVE sits on a plot of roughly 0.589 of an acre, or 2,383m². The below map shows the location of 18 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 18 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 18 CATHEDRAL DRIVE?

18 CATHEDRAL DRIVE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 18 on CATHEDRAL DRIVE.