8, HATLEX DRIVE, HEST BANK, LANCASTER, LA2 6HA - £499,000

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.

8 HATLEX DRIVE is a very large extended detached house of 225m², built sometime between 1930 and 1949, which could now be worth an estimated £660,013. It was last sold for £499,000 in August 2018, which was around 98% above the average August 2018 detached price in the Lancaster local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was C.

8 HATLEX DRIVE Sold Prices

Land registry data shows three sales for 8 HATLEX DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. All of the three 8 HATLEX 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
2018 2 AUG	£499,000	£252,539	98% above HPI
2014 31 JUL	£490,000	£224,793	118% above HPI
2005 24 MAY	£295,000	£195,351	51% above HPI

8 HATLEX 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 three 8 HATLEX DRIVE sales between May 2005 and August 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 July 2014 sale was for 118% above the HPI. So the extrapolation line tracks at 118% above the HPI over time, until the August 2018 sale, where it falls to 98% above the HPI. The line then continues to track at 98% above the HPI.

What might 8 HATLEX DRIVE be worth now?

8 HATLEX DRIVE might now be worth an estimated £660,013.

This is based on house price inflation of 32.3%, between August 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 32.3% inflationary increase is applied to the most recent sale price for 8 HATLEX DRIVE of £499,000 on 2nd August 2018. For the value to have increased from £499,000 to £660,013 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 8 HATLEX DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The August 2018 sale price of £499,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HATLEX DRIVE has not materially changed since August 2018.

How Large is 8 HATLEX DRIVE?

8 HATLEX DRIVE is 225m², which includes three extensions, according to the EPC inspection conducted in May 2014. 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 8 HATLEX DRIVE lies on this distribution: 92% of detached houses houses are smaller than 8 HATLEX DRIVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

8 HATLEX DRIVE: Plot and Title Map

8 HATLEX DRIVE sits on a plot of roughly 0.218 of an acre, or 881m². The below map shows the location of 8 HATLEX 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 8 HATLEX 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 8 HATLEX DRIVE?

8 HATLEX DRIVE is located in HEST BANK, in the LA2 postcode district. The below map shows the position of No. 8 on HATLEX DRIVE.