4, THE DRIVE, CARNFORTH, LA5 9JD - £160,000

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.

4 THE DRIVE is a midsized extended terraced house of 103m², built sometime before 1900, which could now be worth an estimated £157,066. It was last sold for £160,000 in September 2023, which was around 9% below the average September 2023 terraced price in the Lancaster local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was B.

4 THE DRIVE Sold Prices

Land registry data shows five sales for 4 THE DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Lancaster local authority area for the corresponding sale date. Most of the five 4 THE DRIVE sales were for above 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
2023 22 SEP	£160,000	£175,946	9% below HPI
2006 14 NOV	£123,500	£113,277	9% above HPI
2005 27 MAY	£127,500	£99,600	28% above HPI
2001 29 JUN	£56,000	£43,561	29% above HPI
1998 13 MAR	£51,500	£36,406	41% above HPI

4 THE 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 five 4 THE DRIVE sales between March 1998 and September 2023 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 November 2006 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the September 2023 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 4 THE DRIVE be worth now?

4 THE DRIVE might now be worth an estimated £157,066.

This is based on house price deflation of 1.8%, between September 2023 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 1.8% deflationary decrease is applied to the most recent sale price for 4 THE DRIVE of £160,000 on 22nd September 2023. For the value to have decreased from £160,000 to £157,066 over the three years and five months to April 2026, the following assumptions must hold true:

• The value of 4 THE DRIVE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The September 2023 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 4 THE DRIVE has not materially changed since September 2023.

How Large is 4 THE DRIVE?

4 THE DRIVE is 103m², which includes one extension, according to the EPC inspection conducted in August 2016. This puts it in the largest 50% of terraced houses houses in Carnforth, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Carnforth, and where 4 THE DRIVE lies on this distribution: 59% of terraced houses houses are smaller than 4 THE DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Carnforth.

4 THE DRIVE: Plot and Title Map

4 THE DRIVE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 4 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 4 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 4 THE DRIVE?

4 THE DRIVE is located in CARNFORTH, in the LA5 postcode district. The below map shows the position of No. 4 on THE DRIVE.