49, MARINE DRIVE, HEST BANK, LANCASTER, LA2 6ED - £480,000

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.

49 MARINE DRIVE is a very large detached house of 244m², built sometime between 1930 and 1949, which could now be worth an estimated £716,547. It was last sold for £480,000 in May 2015, which was around 115% above the average May 2015 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was D.

49 MARINE DRIVE Sold Prices

Land registry data shows four sales for 49 MARINE 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 49 MARINE 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
2015 29 MAY	£480,000	£223,757	115% above HPI
2009 12 NOV	£499,950	£218,494	129% above HPI
2002 11 DEC	£295,000	£131,073	125% above HPI
1996 30 AUG	£115,000	£76,259	51% above HPI

49 MARINE 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 49 MARINE DRIVE sales between August 1996 and May 2015 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 2009 sale was for 129% above the HPI. So the extrapolation line tracks at 129% above the HPI over time, until the May 2015 sale, where it falls to 115% above the HPI. The line then continues to track at 115% above the HPI.

What might 49 MARINE DRIVE be worth now?

49 MARINE DRIVE might now be worth an estimated £716,547.

This is based on house price inflation of 49.3%, between May 2015 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 49.3% inflationary increase is applied to the most recent sale price for 49 MARINE DRIVE of £480,000 on 29th May 2015. For the value to have increased from £480,000 to £716,547 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 49 MARINE DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The May 2015 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 49 MARINE DRIVE has not materially changed since May 2015.

How Large is 49 MARINE DRIVE?

49 MARINE DRIVE is 244m² according to the EPC inspection conducted in November 2008. This puts it in the largest 10% of detached houses houses in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hest Bank, and where 49 MARINE DRIVE lies on this distribution: 94% of detached houses houses are smaller than 49 MARINE DRIVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

49 MARINE DRIVE: Plot and Title Map

49 MARINE DRIVE sits on a plot of roughly 0.207 of an acre, or 837m². The below map shows the location of 49 MARINE 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 49 MARINE 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 49 MARINE DRIVE?

49 MARINE DRIVE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 49 on MARINE DRIVE.