2, PARKGATE DRIVE, LANCASTER, LA1 3FE - £485,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 PARKGATE DRIVE is a very large extended detached house of 190m², built sometime between 1996 and 2002. It was last sold for £485,500 in October 2020, which was around 72% above the average October 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

2 PARKGATE DRIVE Sold Prices

Land registry data shows two sales for 2 PARKGATE 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 PARKGATE 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
2020 16 OCT	£485,500	£282,979	72% above HPI
1999 27 AUG	£201,000	£87,873	129% above HPI

2 PARKGATE 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 PARKGATE DRIVE sales from August 1999 and October 2020 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 August 1999 sale was for 129% above the HPI. So the extrapolation line tracks at 129% above the HPI over time, until the October 2020 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is 2 PARKGATE DRIVE?

2 PARKGATE DRIVE is 190m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 2 PARKGATE DRIVE lies on this distribution: 91% of detached houses are smaller than 2 PARKGATE DRIVE, and 9% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

2 PARKGATE DRIVE: Plot and Title Map

2 PARKGATE DRIVE sits on a plot of roughly 0.166 of an acre, or 670m². The below map shows the location of 2 PARKGATE 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 PARKGATE 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 PARKGATE DRIVE?

2 PARKGATE DRIVE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 2 on PARKGATE DRIVE.