4, FARNLEA DRIVE, MORECAMBE, LA4 6JU - £165,000

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 FARNLEA DRIVE is a midsized extended detached house of 105m², built sometime between 1983 and 1990. It was last sold for £165,000 in October 2003, which was around 3% above the average October 2003 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

4 FARNLEA DRIVE Sold Prices

Land registry data shows four sales for 4 FARNLEA DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the four 4 FARNLEA DRIVE sales were for above 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
2003 24 OCT	£165,000	£160,799	3% above HPI
2001 8 NOV	£126,000	£107,627	17% above HPI
2000 3 JUL	£98,000	£90,082	9% above HPI
1996 5 NOV	£89,775	£78,556	14% above HPI

4 FARNLEA 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 four 4 FARNLEA DRIVE sales between November 1996 and October 2003 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 November 2001 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2003 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 4 FARNLEA DRIVE?

4 FARNLEA DRIVE is 105m², which includes one extension, according to the EPC inspection conducted in May 2010. 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 FARNLEA DRIVE lies on this distribution: 52% of detached houses are smaller than 4 FARNLEA DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

4 FARNLEA DRIVE: Plot and Title Map

4 FARNLEA DRIVE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 4 FARNLEA 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 FARNLEA 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 FARNLEA DRIVE?

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