42, LUNE DRIVE, MORECAMBE, LA3 3RZ - £160,000

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

42 LUNE DRIVE is a very small detached house of 70m², built sometime between 1996 and 2002. It was last sold for £160,000 in February 2019, which was around 39% below the average February 2019 detached price in the Lancaster local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

42 LUNE DRIVE Sold Prices

Land registry data shows two sales for 42 LUNE 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 42 LUNE 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
2019 4 FEB	£160,000	£261,440	39% below HPI
2000 24 MAR	£78,950	£88,285	11% below HPI

42 LUNE 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 42 LUNE DRIVE sales from March 2000 and February 2019 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 March 2000 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2019 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 42 LUNE DRIVE?

42 LUNE DRIVE is 70m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 20% of detached houses in Morecambe, based on EPC data. The below chart shows the distribution of detached houses by size in Morecambe, and where 42 LUNE DRIVE lies on this distribution: 12% of detached houses are smaller than 42 LUNE DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

42 LUNE DRIVE: Plot and Title Map

42 LUNE DRIVE sits on a plot of roughly 0.063 of an acre, or 254m². The below map shows the location of 42 LUNE 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 42 LUNE 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 42 LUNE DRIVE?

42 LUNE DRIVE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 42 on LUNE DRIVE.