8, RAIKES HILL DRIVE, HEST BANK, LANCASTER, LA2 6DA - £395,000

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 RAIKES HILL DRIVE is a midsized detached house of 127m², built sometime between 1967 and 1975, which could now be worth an estimated £425,379. It was last sold for £395,000 in May 2022, which was around 27% above the average May 2022 detached price in the Lancaster local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was C.

8 RAIKES HILL DRIVE Sold Prices

Land registry data shows two sales for 8 RAIKES HILL 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 RAIKES HILL 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
2022 18 MAY	£395,000	£310,171	27% above HPI
2014 25 FEB	£245,000	£215,365	14% above HPI

8 RAIKES HILL 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 RAIKES HILL DRIVE sales from February 2014 and May 2022 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 February 2014 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the May 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might 8 RAIKES HILL DRIVE be worth now?

8 RAIKES HILL DRIVE might now be worth an estimated £425,379.

This is based on house price inflation of 7.7%, between May 2022 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 7.7% inflationary increase is applied to the most recent sale price for 8 RAIKES HILL DRIVE of £395,000 on 18th May 2022. For the value to have increased from £395,000 to £425,379 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 8 RAIKES HILL DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The May 2022 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 8 RAIKES HILL DRIVE has not materially changed since May 2022.

How Large is 8 RAIKES HILL DRIVE?

8 RAIKES HILL DRIVE is 127m² according to the EPC inspection conducted in December 2021. This puts it in the largest 50% 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 RAIKES HILL DRIVE lies on this distribution: 51% of detached houses houses are smaller than 8 RAIKES HILL DRIVE, and 47% of houses are larger. Note that EPC data is not available for all properties in Hest Bank.

8 RAIKES HILL DRIVE: Plot and Title Map

8 RAIKES HILL DRIVE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 8 RAIKES HILL 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 RAIKES HILL 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 RAIKES HILL DRIVE?

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