8, ROEBURN DRIVE, MORECAMBE, LA3 3RY - £158,000

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 ROEBURN DRIVE is a small detached house of 77m², built sometime between 1991 and 1995, which could now be worth an estimated £253,664. It was last sold for £158,000 in July 2009, which was around 24% below the average July 2009 detached price in the Lancaster local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was C.

8 ROEBURN DRIVE Sold Prices

Land registry data shows three sales for 8 ROEBURN 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 ROEBURN 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
2009 24 JUL	£158,000	£208,055	24% below HPI
2002 28 AUG	£91,000	£119,574	24% below HPI
1996 10 DEC	£73,950	£76,468	3% below HPI

8 ROEBURN 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 ROEBURN DRIVE sales between December 1996 and July 2009 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 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2009 sale, which was also at 24% below the HPI.

What might 8 ROEBURN DRIVE be worth now?

8 ROEBURN DRIVE might now be worth an estimated £253,664.

This is based on house price inflation of 60.5%, between July 2009 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 60.5% inflationary increase is applied to the most recent sale price for 8 ROEBURN DRIVE of £158,000 on 24th July 2009. For the value to have increased from £158,000 to £253,664 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 8 ROEBURN DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The July 2009 sale price of £158,000 represented a fair market value for the property.
• The size, condition, and specification of 8 ROEBURN DRIVE has not materially changed since July 2009.

How Large is 8 ROEBURN DRIVE?

8 ROEBURN DRIVE is 77m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 30% 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 8 ROEBURN DRIVE lies on this distribution: 22% of detached houses houses are smaller than 8 ROEBURN DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

8 ROEBURN DRIVE: Plot and Title Map

8 ROEBURN DRIVE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 8 ROEBURN 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 ROEBURN 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 ROEBURN DRIVE?

8 ROEBURN DRIVE is located in MORECAMBE, in the LA3 postcode district. The below map shows the position of No. 8 on ROEBURN DRIVE.