31, WEST DRIVE, LANCASTER, LA1 5BY - £215,000

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

31 WEST DRIVE is a very small extended detached house of 84m², built sometime between 1930 and 1949. It was last sold for £215,000 in July 2023, which was around 37% below the average July 2023 detached price in the Lancaster local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

31 WEST DRIVE Sold Prices

Land registry data shows two sales for 31 WEST 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 WEST 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
2023 21 JUL	£215,000	£339,496	37% below HPI
2004 30 JAN	£90,000	£165,632	46% below HPI

31 WEST 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 WEST DRIVE sales from January 2004 and July 2023 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 2004 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2023 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 31 WEST DRIVE?

31 WEST DRIVE is 84m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where 31 WEST DRIVE lies on this distribution: 12% of detached houses are smaller than 31 WEST DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

31 WEST DRIVE: Plot and Title Map

31 WEST DRIVE sits on a plot of roughly 0.058 of an acre, or 235m². The below map shows the location of 31 WEST 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 WEST 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 WEST DRIVE?

31 WEST DRIVE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 31 on WEST DRIVE.