8, PARKGATE DRIVE, LANCASTER, LA1 3FE - £218,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

8 PARKGATE DRIVE is a large extended detached house of 143m², built sometime between 1996 and 2002, which could now be worth an estimated £468,577. It was last sold for £218,500 in November 2003, which was around 40% above the average November 2003 detached price in the Lancaster local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

8 PARKGATE DRIVE Sold Prices

Land registry data shows two sales for 8 PARKGATE 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 8 PARKGATE 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
2003 7 NOV	£218,500	£155,758	40% above HPI
2000 20 OCT	£142,500	£93,262	53% above HPI

8 PARKGATE 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 8 PARKGATE DRIVE sales from October 2000 and November 2003 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 October 2000 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the November 2003 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

What might 8 PARKGATE DRIVE be worth now?

8 PARKGATE DRIVE might now be worth an estimated £468,577.

This is based on house price inflation of 114.5%, between November 2003 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 114.5% inflationary increase is applied to the most recent sale price for 8 PARKGATE DRIVE of £218,500 on 7th November 2003. For the value to have increased from £218,500 to £468,577 over the 22 years and nine months to February 2025, the following assumptions must hold true:

• The value of 8 PARKGATE DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2003 sale price of £218,500 represented a fair market value for the property.
• The size, condition, and specification of 8 PARKGATE DRIVE has not materially changed since November 2003.

How Large is 8 PARKGATE DRIVE?

8 PARKGATE DRIVE is 143m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the largest 30% of detached houses houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where 8 PARKGATE DRIVE lies on this distribution: 74% of detached houses houses are smaller than 8 PARKGATE DRIVE, and 26% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

8 PARKGATE DRIVE: Plot and Title Map

8 PARKGATE DRIVE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 8 PARKGATE 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 PARKGATE 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 PARKGATE DRIVE?

8 PARKGATE DRIVE is located in LANCASTER, in the LA1 postcode district. The below map shows the position of No. 8 on PARKGATE DRIVE.