31, CHESTNUT DRIVE, MORECAMBE, LA4 6HZ - £197,000

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.

31 CHESTNUT DRIVE is a very small extended detached house of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £271,604. It was last sold for £197,000 in November 2017, which was around 19% below the average November 2017 detached price in the Lancaster local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

31 CHESTNUT DRIVE Sold Prices

Land registry data shows two sales for 31 CHESTNUT 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 31 CHESTNUT 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
2017 30 NOV	£197,000	£242,276	19% below HPI
1998 30 JAN	£69,950	£78,759	11% below HPI

31 CHESTNUT 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 31 CHESTNUT DRIVE sales from January 1998 and November 2017 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 January 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2017 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 31 CHESTNUT DRIVE be worth now?

31 CHESTNUT DRIVE might now be worth an estimated £271,604.

This is based on house price inflation of 37.9%, between November 2017 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 37.9% inflationary increase is applied to the most recent sale price for 31 CHESTNUT DRIVE of £197,000 on 30th November 2017. For the value to have increased from £197,000 to £271,604 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of 31 CHESTNUT DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2017 sale price of £197,000 represented a fair market value for the property.
• The size, condition, and specification of 31 CHESTNUT DRIVE has not materially changed since November 2017.

How Large is 31 CHESTNUT DRIVE?

31 CHESTNUT DRIVE is 70m², which includes one extension, according to the EPC inspection conducted in July 2014. This puts it in the smallest 20% of detached houses houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 31 CHESTNUT DRIVE lies on this distribution: 12% of detached houses houses are smaller than 31 CHESTNUT DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

31 CHESTNUT DRIVE: Plot and Title Map

31 CHESTNUT DRIVE sits on a plot of roughly 0.097 of an acre, or 394m². The below map shows the location of 31 CHESTNUT 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 31 CHESTNUT 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 31 CHESTNUT DRIVE?

31 CHESTNUT DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 31 on CHESTNUT DRIVE.