2, LANCASTER WAY, MARKET DEEPING, PETERBOROUGH, PE6 8LA - £185,000

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 LANCASTER WAY is a very small semi-detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £228,627. It was last sold for £185,000 in August 2020, which was around 3% below the average August 2020 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2020, where the current energy rating was C, and the potential energy rating was B.

2 LANCASTER WAY Sold Prices

Land registry data shows two sales for 2 LANCASTER WAY 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 South Kesteven local authority area for the corresponding sale date. One of the two 2 LANCASTER WAY sales was for below the average price, whilst the other was roughly equal to 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
2020 14 AUG	£185,000	£191,174	3% below HPI
2005 24 OCT	£138,000	£137,804	Close to HPI

2 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 2 LANCASTER WAY sales from October 2005 and August 2020 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 October 2005 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the August 2020 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 2 LANCASTER WAY be worth now?

2 LANCASTER WAY might now be worth an estimated £228,627.

This is based on house price inflation of 23.6%, between August 2020 and February 2025, for semi-detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.6% inflationary increase is applied to the most recent sale price for 2 LANCASTER WAY of £185,000 on 14th August 2020. For the value to have increased from £185,000 to £228,627 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 2 LANCASTER WAY has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The August 2020 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCASTER WAY has not materially changed since August 2020.

How Large is 2 LANCASTER WAY?

2 LANCASTER WAY is 82m² according to the EPC inspection conducted in May 2020. This puts it in the smallest 20% of semi-detached houses houses in Market Deeping, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Market Deeping, and where 2 LANCASTER WAY lies on this distribution: 15% of semi-detached houses houses are smaller than 2 LANCASTER WAY, and 84% of houses are larger. Note that EPC data is not available for all properties in Market Deeping.

2 LANCASTER WAY: Plot and Title Map

2 LANCASTER WAY sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 2 LANCASTER WAY, 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 LANCASTER WAY). 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 LANCASTER WAY?

2 LANCASTER WAY is located in MARKET DEEPING, in the PE6 postcode district. The below map shows the position of No. 2 on LANCASTER WAY.