2, LAKEWAY, SOMERSHAM, HUNTINGDON, PE28 3JN - £162,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LAKEWAY is a very small semi-detached house of 68m², built sometime between 1967 and 1975, which could now be worth an estimated £281,458. It was last sold for £162,000 in January 2014, which was around 5% below the average January 2014 semi-detached price in the Huntingdonshire local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

2 LAKEWAY Sold Prices

Land registry data shows two sales for 2 LAKEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Huntingdonshire local authority area for the corresponding sale date. One of the two 2 LAKEWAY sales was for below the average price, whilst the other was 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
2014 31 JAN	£162,000	£170,978	5% below HPI
1998 31 MAR	£62,000	£57,038	9% above HPI

2 LAKEWAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Huntingdonshire local authority area over time, sourced from the HPI. The two 2 LAKEWAY sales from March 1998 and January 2014 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 1998 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the January 2014 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 2 LAKEWAY be worth now?

2 LAKEWAY might now be worth an estimated £281,458.

This is based on house price inflation of 73.7%, between January 2014 and February 2025, for semi-detached houses, in the Huntingdonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 73.7% inflationary increase is applied to the most recent sale price for 2 LAKEWAY of £162,000 on 31st January 2014. For the value to have increased from £162,000 to £281,458 over the ten years and eleven months to February 2025, the following assumptions must hold true:

• The value of 2 LAKEWAY has moved in line with the HPI for semi-detached houses in the Huntingdonshire local authority area.
• The January 2014 sale price of £162,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LAKEWAY has not materially changed since January 2014.

How Large is 2 LAKEWAY?

2 LAKEWAY is 68m² according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of semi-detached houses houses in Somersham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Somersham, and where 2 LAKEWAY lies on this distribution: 3% of semi-detached houses houses are smaller than 2 LAKEWAY, and 97% of houses are larger. Note that EPC data is not available for all properties in Somersham.

2 LAKEWAY: Plot and Title Map

2 LAKEWAY sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of 2 LAKEWAY, 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 LAKEWAY). 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 LAKEWAY?

2 LAKEWAY is located in SOMERSHAM, in the PE28 postcode district. The below map shows the position of No. 2 on LAKEWAY.