15, GRAYRIGG DRIVE, MORECAMBE, LA4 4UJ - £145,000

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.

15 GRAYRIGG DRIVE is a small terraced house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £144,464. It was last sold for £145,000 in June 2024, which was around 16% below the average June 2024 terraced price in the Lancaster local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

15 GRAYRIGG DRIVE Sold Prices

Land registry data shows three sales for 15 GRAYRIGG DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. All of the three 15 GRAYRIGG 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
2024 24 JUN	£145,000	£173,286	16% below HPI
2022 14 MAR	£137,000	£154,466	11% below HPI
2000 14 NOV	£36,000	£41,461	13% below HPI

15 GRAYRIGG DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Lancaster local authority area over time, sourced from the HPI. The three 15 GRAYRIGG DRIVE sales between November 2000 and June 2024 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 March 2022 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2024 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 15 GRAYRIGG DRIVE be worth now?

15 GRAYRIGG DRIVE might now be worth an estimated £144,464.

This is based on house price deflation of 0.4%, between June 2024 and May 2026, for terraced 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 0.4% deflationary decrease is applied to the most recent sale price for 15 GRAYRIGG DRIVE of £145,000 on 24th June 2024. For the value to have decreased from £145,000 to £144,464 over the two years and one month to May 2026, the following assumptions must hold true:

• The value of 15 GRAYRIGG DRIVE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The June 2024 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 15 GRAYRIGG DRIVE has not materially changed since June 2024.

How Large is 15 GRAYRIGG DRIVE?

15 GRAYRIGG DRIVE is 82m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of terraced houses houses in Morecambe, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Morecambe, and where 15 GRAYRIGG DRIVE lies on this distribution: 27% of terraced houses houses are smaller than 15 GRAYRIGG DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

15 GRAYRIGG DRIVE: Plot and Title Map

15 GRAYRIGG DRIVE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 15 GRAYRIGG 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 15 GRAYRIGG 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 15 GRAYRIGG DRIVE?

15 GRAYRIGG DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 15 on GRAYRIGG DRIVE.