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

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.

4 ELMS DRIVE is a midsized detached house of 110m², built sometime between 1930 and 1949, which could now be worth an estimated £385,858. It was last sold for £385,000 in December 2022, which was around 16% 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	£333,283	16% above HPI
2018 31 JUL	£262,000	£246,316	6% above HPI
1996 23 SEP	£75,000	£75,570	1% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the December 2022 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 4 ELMS DRIVE be worth now?

4 ELMS DRIVE might now be worth an estimated £385,858.

This is based on house price inflation of 0.2%, between December 2022 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 0.2% inflationary increase is applied to the most recent sale price for 4 ELMS DRIVE of £385,000 on 20th December 2022. For the value to have increased from £385,000 to £385,858 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 4 ELMS DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The December 2022 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ELMS DRIVE has not materially changed since December 2022.

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 houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Morecambe, and where 4 ELMS DRIVE lies on this distribution: 56% of detached houses 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.