3, CHERRY TREE DRIVE, LANCASTER, LA1 5LA - £300,000

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.

3 CHERRY TREE DRIVE is a detached house, which could now be worth an estimated £571,030. It was last sold for £300,000 in April 2004, which was around 72% above the average April 2004 detached price in the Lancaster local authority area.

3 CHERRY TREE DRIVE Sold Prices

Land registry data shows two sales for 3 CHERRY TREE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Lancaster local authority area for the corresponding sale date. Both of the two 3 CHERRY TREE 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
2004 14 APR	£300,000	£174,803	72% above HPI
1999 30 JUN	£185,000	£83,303	122% above HPI

What might 3 CHERRY TREE DRIVE be worth now?

3 CHERRY TREE DRIVE might now be worth an estimated £571,030.

This is based on house price inflation of 90.3%, between April 2004 and April 2026, for 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 90.3% inflationary increase is applied to the most recent sale price for 3 CHERRY TREE DRIVE of £300,000 on 14th April 2004. For the value to have increased from £300,000 to £571,030 over the 22 years to April 2026, the following assumptions must hold true:

• The value of 3 CHERRY TREE DRIVE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The April 2004 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHERRY TREE DRIVE has not materially changed since April 2004.

Where is 3 CHERRY TREE DRIVE?

3 CHERRY TREE DRIVE is located in LANCASTER, in the LA1 postcode district.