2, LAKE LANE, BRIDPORT, DT6 4JY - £395,000

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.

2 LAKE LANE is a very small detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £478,070. It was last sold for £395,000 in April 2018, which was around 10% below the average April 2018 detached price in the Dorset local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was B.

2 LAKE LANE Sold Prices

Land registry data shows three sales for 2 LAKE LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dorset local authority area for the corresponding sale date. All of the three 2 LAKE LANE 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
2018 12 APR	£395,000	£436,610	10% below HPI
2014 10 MAR	£243,000	£349,573	30% below HPI
2002 4 NOV	£195,000	£244,040	20% below HPI

2 LAKE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The three 2 LAKE LANE sales between November 2002 and April 2018 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 March 2014 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the April 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 2 LAKE LANE be worth now?

2 LAKE LANE might now be worth an estimated £478,070.

This is based on house price inflation of 21%, between April 2018 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21% inflationary increase is applied to the most recent sale price for 2 LAKE LANE of £395,000 on 12th April 2018. For the value to have increased from £395,000 to £478,070 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of 2 LAKE LANE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The April 2018 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKE LANE has not materially changed since April 2018.

How Large is 2 LAKE LANE?

2 LAKE LANE is 77m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 20% of detached houses houses in Bridport, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bridport, and where 2 LAKE LANE lies on this distribution: 16% of detached houses houses are smaller than 2 LAKE LANE, and 83% of houses are larger. Note that EPC data is not available for all properties in Bridport.

2 LAKE LANE: Plot and Title Map

2 LAKE LANE sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 2 LAKE LANE, 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 2 LAKE LANE). 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 2 LAKE LANE?

2 LAKE LANE is located in BRIDPORT, in the DT6 postcode district. The below map shows the position of No. 2 on LAKE LANE.