2, BUSEPH DRIVE, MORECAMBE, LA4 6PQ - £425,000

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

2 BUSEPH DRIVE is a very large extended detached house of 155m², built sometime between 1983 and 1990. It was last sold for £425,000 in December 2022, which was around 24% above the average December 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was C.

2 BUSEPH DRIVE Sold Prices

Land registry data shows two sales for 2 BUSEPH 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. Both of the two 2 BUSEPH 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
2022 7 DEC	£425,000	£343,581	24% above HPI
2001 22 JUN	£136,000	£99,926	36% above HPI

2 BUSEPH 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 2 BUSEPH DRIVE sales from June 2001 and December 2022 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 June 2001 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the December 2022 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 2 BUSEPH DRIVE?

2 BUSEPH DRIVE is 155m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the largest 20% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 2 BUSEPH DRIVE lies on this distribution: 86% of detached houses are smaller than 2 BUSEPH DRIVE, and 14% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

2 BUSEPH DRIVE: Plot and Title Map

2 BUSEPH DRIVE sits on a plot of roughly 0.134 of an acre, or 543m². The below map shows the location of 2 BUSEPH 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 2 BUSEPH 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 2 BUSEPH DRIVE?

2 BUSEPH DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 2 on BUSEPH DRIVE.