4, ELMS DRIVE, MORECAMBE, LA4 6DQ - £385,000

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

4 ELMS DRIVE is a midsized detached house of 110m², built sometime between 1930 and 1949. It was last sold for £385,000 in December 2022, which was around 12% above the average December 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was B.

4 ELMS DRIVE Sold Prices

Land registry data shows three sales for 4 ELMS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Two of the three 4 ELMS DRIVE sales were for above the average price, whilst one was 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 20 DEC	£385,000	£343,581	12% above HPI
2018 31 JUL	£262,000	£253,927	3% above HPI
1996 23 SEP	£75,000	£77,905	4% below HPI

4 ELMS 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 three 4 ELMS DRIVE sales between September 1996 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 July 2018 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 4 ELMS DRIVE?

4 ELMS DRIVE is 110m² according to the EPC inspection conducted in June 2017. This puts it in the largest 50% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 4 ELMS DRIVE lies on this distribution: 56% of detached houses are smaller than 4 ELMS DRIVE, and 43% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

4 ELMS DRIVE: Plot and Title Map

4 ELMS DRIVE sits on a plot of roughly 0.123 of an acre, or 499m². The below map shows the location of 4 ELMS 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 4 ELMS 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 4 ELMS DRIVE?

4 ELMS DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 4 on ELMS DRIVE.