24, CATHEDRAL DRIVE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RE - £296,000

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

24 CATHEDRAL DRIVE is a large detached house of 114m², built sometime between 1991 and 1995. It was last sold for £296,000 in September 2022, which was around 11% below the average September 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

24 CATHEDRAL DRIVE Sold Prices

Land registry data shows two sales for 24 CATHEDRAL 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 24 CATHEDRAL DRIVE sales were 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
2022 30 SEP	£296,000	£334,153	11% below HPI
2015 11 SEP	£190,000	£239,826	21% below HPI

24 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 two 24 CATHEDRAL DRIVE sales from September 2015 and September 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 September 2015 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the September 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 24 CATHEDRAL DRIVE?

24 CATHEDRAL DRIVE is 114m² according to the EPC inspection conducted in September 2015. This puts it in the largest 40% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 24 CATHEDRAL DRIVE lies on this distribution: 61% of detached houses are smaller than 24 CATHEDRAL DRIVE, and 39% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

24 CATHEDRAL DRIVE: Plot and Title Map

24 CATHEDRAL DRIVE sits on a plot of roughly 0.065 of an acre, or 261m². The below map shows the location of 24 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 24 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 24 CATHEDRAL DRIVE?

24 CATHEDRAL DRIVE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 24 on CATHEDRAL DRIVE.