2, THE DRIVE, HEYSHAM, MORECAMBE, LA3 2JS - £275,000

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.

2 THE DRIVE is a very small extended semi-detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £325,610. It was last sold for £275,000 in June 2021, which was around 51% above the average June 2021 semi-detached price in the Lancaster local authority area. The most recent EPC inspection was January 2010, where the current energy rating was E, and the potential energy rating was D.

2 THE DRIVE Sold Prices

Land registry data shows two sales for 2 THE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Lancaster local authority area for the corresponding sale date. One of the two 2 THE DRIVE sales was for above the average price, whilst the other was 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
2021 16 JUN	£275,000	£181,751	51% above HPI
2010 9 APR	£109,950	£137,231	20% below HPI

2 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Lancaster local authority area over time, sourced from the HPI. The two 2 THE DRIVE sales from April 2010 and June 2021 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 April 2010 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 2 THE DRIVE be worth now?

2 THE DRIVE might now be worth an estimated £325,610.

This is based on house price inflation of 18.4%, between June 2021 and February 2025, for semi-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 18.4% inflationary increase is applied to the most recent sale price for 2 THE DRIVE of £275,000 on 16th June 2021. For the value to have increased from £275,000 to £325,610 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 THE DRIVE has moved in line with the HPI for semi-detached houses in the Lancaster local authority area.
• The June 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE DRIVE has not materially changed since June 2021.

How Large is 2 THE DRIVE?

2 THE DRIVE is 79m², which includes one extension, according to the EPC inspection conducted in January 2010. This puts it in the smallest 20% of semi-detached houses houses in Heysham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Heysham, and where 2 THE DRIVE lies on this distribution: 16% of semi-detached houses houses are smaller than 2 THE DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Heysham.

2 THE DRIVE: Plot and Title Map

2 THE DRIVE sits on a plot of roughly 0.165 of an acre, or 667m². The below map shows the location of 2 THE 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 2 THE 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 2 THE DRIVE?

2 THE DRIVE is located in HEYSHAM, in the LA3 postcode district. The below map shows the position of No. 2 on THE DRIVE.