2, LANCASTER WAY, WATERLOOVILLE, PO7 7NG - £385,000

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 large extended detached house of 141m², built sometime between 1950 and 1966, which could now be worth an estimated £456,070. It was last sold for £385,000 in July 2020, which was around 12% below the average July 2020 detached price in the Havant local authority area. The most recent EPC inspection was March 2020, where the current energy rating was D, and the potential energy rating was C.

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 Havant 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
2020 2 JUL	£385,000	£439,740	12% below HPI
2006 4 AUG	£310,000	£283,673	9% above HPI

2 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havant local authority area over time, sourced from the HPI. The two 2 LANCASTER WAY sales from August 2006 and July 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 August 2006 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the July 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 2 LANCASTER WAY be worth now?

2 LANCASTER WAY might now be worth an estimated £456,070.

This is based on house price inflation of 18.5%, between July 2020 and February 2025, for detached houses, in the Havant local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for 2 LANCASTER WAY of £385,000 on 2nd July 2020. For the value to have increased from £385,000 to £456,070 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 2 LANCASTER WAY has moved in line with the HPI for detached houses in the Havant local authority area.
• The July 2020 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCASTER WAY has not materially changed since July 2020.

How Large is 2 LANCASTER WAY?

2 LANCASTER WAY is 141m², which includes one extension, according to the EPC inspection conducted in March 2020. This puts it in the largest 30% of detached houses houses in Waterlooville, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waterlooville, and where 2 LANCASTER WAY lies on this distribution: 75% of detached houses houses are smaller than 2 LANCASTER WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Waterlooville.

2 LANCASTER WAY: Plot and Title Map

2 LANCASTER WAY sits on a plot of roughly 0.168 of an acre, or 679m². 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 WATERLOOVILLE, in the PO7 postcode district. The below map shows the position of No. 2 on LANCASTER WAY.