54, CATHEDRAL DRIVE, HEATON WITH OXCLIFFE, MORECAMBE, LA3 3RE - £180,000

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.

54 CATHEDRAL DRIVE is a midsized detached house of 98m², built sometime between 1996 and 2002, which could now be worth an estimated £243,279. It was last sold for £180,000 in November 2018, which was around 27% below the average November 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

54 CATHEDRAL DRIVE Sold Prices

Land registry data shows two sales for 54 CATHEDRAL 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 54 CATHEDRAL 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
2018 23 NOV	£180,000	£247,143	27% below HPI
2001 22 AUG	£68,500	£99,826	31% below HPI

54 CATHEDRAL 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 54 CATHEDRAL DRIVE sales from August 2001 and November 2018 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 August 2001 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the November 2018 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 54 CATHEDRAL DRIVE be worth now?

54 CATHEDRAL DRIVE might now be worth an estimated £243,279.

This is based on house price inflation of 35.2%, between November 2018 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 35.2% inflationary increase is applied to the most recent sale price for 54 CATHEDRAL DRIVE of £180,000 on 23rd November 2018. For the value to have increased from £180,000 to £243,279 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 54 CATHEDRAL DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2018 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 54 CATHEDRAL DRIVE has not materially changed since November 2018.

How Large is 54 CATHEDRAL DRIVE?

54 CATHEDRAL DRIVE is 98m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 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 54 CATHEDRAL DRIVE lies on this distribution: 43% of detached houses houses are smaller than 54 CATHEDRAL DRIVE, and 56% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

54 CATHEDRAL DRIVE: Plot and Title Map

54 CATHEDRAL DRIVE sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 54 CATHEDRAL 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 54 CATHEDRAL 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 54 CATHEDRAL DRIVE?

54 CATHEDRAL DRIVE is located in HEATON WITH OXCLIFFE, in the LA3 postcode district. The below map shows the position of No. 54 on CATHEDRAL DRIVE.