2, LANCASTER WAY, NOTTINGHAM, NG8 6PH - £290,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 LANCASTER WAY is a midsized extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £290,000 in December 2023, which was around 10% below the average December 2023 detached price in the City of Nottingham local authority area. The most recent EPC inspection was July 2023, where the current energy rating was D, 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 detached price in the City of Nottingham 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 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
2023 14 DEC	£290,000	£322,724	10% below HPI
2012 14 AUG	£135,000	£129,090	5% above HPI

2 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 2 LANCASTER WAY sales from August 2012 and December 2023 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 August 2012 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the December 2023 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 2 LANCASTER WAY?

2 LANCASTER WAY is 99m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 50% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 2 LANCASTER WAY lies on this distribution: 46% of detached houses are smaller than 2 LANCASTER WAY, and 53% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

2 LANCASTER WAY: Plot and Title Map

2 LANCASTER WAY sits on a plot of roughly 0.100 of an acre, or 406m². 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 NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 2 on LANCASTER WAY.