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

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

49 MARINE DRIVE is a very large detached house of 244m², built sometime between 1930 and 1949. It was last sold for £480,000 in May 2015, which was around 108% 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	£230,672	108% above HPI
2009 12 NOV	£499,950	£225,246	122% above HPI
2002 11 DEC	£295,000	£135,124	118% above HPI
1996 30 AUG	£115,000	£78,615	46% 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 122% above the HPI. So the extrapolation line tracks at 122% above the HPI over time, until the May 2015 sale, where it falls to 108% above the HPI. The line then continues to track at 108% above the HPI.

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 in Hest Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Hest Bank, and where 49 MARINE DRIVE lies on this distribution: 94% of detached 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.