41, GRAYRIGG DRIVE, MORECAMBE, LA4 4UJ - £116,000

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.

41 GRAYRIGG DRIVE is a small terraced house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £157,961. It was last sold for £116,000 in July 2019, which was around 9% below the average July 2019 terraced price in the Lancaster local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

41 GRAYRIGG DRIVE Sold Prices

Land registry data shows three sales for 41 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 41 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
2019 9 JUL	£116,000	£126,838	9% below HPI
2004 30 SEP	£91,000	£97,936	7% below HPI
2001 2 MAR	£33,000	£41,129	20% below HPI

41 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 41 GRAYRIGG DRIVE sales between March 2001 and July 2019 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 September 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2019 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 41 GRAYRIGG DRIVE be worth now?

41 GRAYRIGG DRIVE might now be worth an estimated £157,961.

This is based on house price inflation of 36.2%, between July 2019 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 36.2% inflationary increase is applied to the most recent sale price for 41 GRAYRIGG DRIVE of £116,000 on 9th July 2019. For the value to have increased from £116,000 to £157,961 over the seven years and three months to April 2026, the following assumptions must hold true:

• The value of 41 GRAYRIGG DRIVE has moved in line with the HPI for terraced houses in the Lancaster local authority area.
• The July 2019 sale price of £116,000 represented a fair market value for the property.
• The size, condition, and specification of 41 GRAYRIGG DRIVE has not materially changed since July 2019.

How Large is 41 GRAYRIGG DRIVE?

41 GRAYRIGG DRIVE is 77m² according to the EPC inspection conducted in March 2012. 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 41 GRAYRIGG DRIVE lies on this distribution: 22% of terraced houses houses are smaller than 41 GRAYRIGG DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Morecambe.

41 GRAYRIGG DRIVE: Plot and Title Map

41 GRAYRIGG DRIVE sits on a plot of roughly 0.026 of an acre, or 106m². The below map shows the location of 41 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 41 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 41 GRAYRIGG DRIVE?

41 GRAYRIGG DRIVE is located in MORECAMBE, in the LA4 postcode district. The below map shows the position of No. 41 on GRAYRIGG DRIVE.