39, GRAYRIGG DRIVE, MORECAMBE, LA4 4UJ - £107,500

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.

39 GRAYRIGG DRIVE is a small terraced house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £154,534. It was last sold for £107,500 in December 2016, which was around 11% below the average December 2016 terraced price in the Lancaster local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

39 GRAYRIGG DRIVE Sold Prices

Land registry data shows three sales for 39 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 39 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
2016 9 DEC	£107,500	£120,151	11% below HPI
2014 25 FEB	£105,500	£110,854	5% below HPI
2003 7 MAY	£63,000	£63,442	1% below HPI

39 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 39 GRAYRIGG DRIVE sales between May 2003 and December 2016 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 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the December 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 39 GRAYRIGG DRIVE be worth now?

39 GRAYRIGG DRIVE might now be worth an estimated £154,534.

This is based on house price inflation of 43.8%, between December 2016 and April 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 43.8% inflationary increase is applied to the most recent sale price for 39 GRAYRIGG DRIVE of £107,500 on 9th December 2016. For the value to have increased from £107,500 to £154,534 over the ten years and eight months to April 2026, the following assumptions must hold true:

• The value of 39 GRAYRIGG DRIVE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The December 2016 sale price of £107,500 represented a fair market value for the property.
• The size, condition, and specification of 39 GRAYRIGG DRIVE has not materially changed since December 2016.

How Large is 39 GRAYRIGG DRIVE?

39 GRAYRIGG DRIVE is 79m² according to the EPC inspection conducted in May 2013. 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 39 GRAYRIGG DRIVE lies on this distribution: 24% of terraced houses houses are smaller than 39 GRAYRIGG DRIVE, and 75% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

39 GRAYRIGG DRIVE: Plot and Title Map

39 GRAYRIGG DRIVE sits on a plot of roughly 0.026 of an acre, or 107m². The below map shows the location of 39 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 39 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 39 GRAYRIGG DRIVE?

39 GRAYRIGG DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 39 on GRAYRIGG DRIVE.