23, GRAYRIGG DRIVE, MORECAMBE, LA4 4UJ - £155,000

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.

23 GRAYRIGG DRIVE is a small terraced house of 77m², built sometime between 1976 and 1982, which could now be worth an estimated £157,197. It was last sold for £155,000 in December 2022, which was around 9% below the average December 2022 terraced price in the Lancaster local authority area. The most recent EPC inspection was June 2014, where the current energy rating was C, and the potential energy rating was B.

23 GRAYRIGG DRIVE Sold Prices

Land registry data shows six sales for 23 GRAYRIGG DRIVE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Most of the six 23 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
2022 5 DEC	£155,000	£170,233	9% below HPI
2015 8 MAY	£115,000	£113,953	1% above HPI
2004 22 MAR	£77,000	£82,652	7% below HPI
2003 10 OCT	£65,000	£72,945	11% below HPI
1999 8 NOV	£39,000	£39,481	1% below HPI
1995 13 FEB	£35,000	£36,425	4% below HPI

23 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 six 23 GRAYRIGG DRIVE sales between February 1995 and December 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 May 2015 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2022 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 23 GRAYRIGG DRIVE be worth now?

23 GRAYRIGG DRIVE might now be worth an estimated £157,197.

This is based on house price inflation of 1.4%, between December 2022 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 1.4% inflationary increase is applied to the most recent sale price for 23 GRAYRIGG DRIVE of £155,000 on 5th December 2022. For the value to have increased from £155,000 to £157,197 over the four years and seven months to May 2026, the following assumptions must hold true:

• The value of 23 GRAYRIGG DRIVE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The December 2022 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 23 GRAYRIGG DRIVE has not materially changed since December 2022.

How Large is 23 GRAYRIGG DRIVE?

23 GRAYRIGG DRIVE is 77m² according to the EPC inspection conducted in June 2014. 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 23 GRAYRIGG DRIVE lies on this distribution: 20% of terraced houses houses are smaller than 23 GRAYRIGG DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

23 GRAYRIGG DRIVE: Plot and Title Map

23 GRAYRIGG DRIVE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of 23 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 23 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 23 GRAYRIGG DRIVE?

23 GRAYRIGG DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 23 on GRAYRIGG DRIVE.