2, LANCING WAY, POLEGATE, BN26 5PL - £325,000

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 LANCING WAY is a small detached house of 73m², built sometime between 1950 and 1966, which could now be worth an estimated £378,508. It was last sold for £325,000 in November 2019, which was around 37% below the average November 2019 detached price in the Wealden local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was B.

2 LANCING WAY Sold Prices

Land registry data shows five sales for 2 LANCING WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Wealden local authority area for the corresponding sale date. All of the five 2 LANCING WAY 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
2019 29 NOV	£325,000	£519,282	37% below HPI
2019 21 AUG	£255,000	£511,586	50% below HPI
2015 23 JUN	£315,000	£421,620	25% below HPI
2013 28 JUN	£202,000	£369,390	45% below HPI
2011 28 MAR	£170,000	£358,495	53% below HPI

2 LANCING WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wealden local authority area over time, sourced from the HPI. The five 2 LANCING WAY sales between March 2011 and November 2019 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 2019 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2019 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 LANCING WAY be worth now?

2 LANCING WAY might now be worth an estimated £378,508.

This is based on house price inflation of 16.5%, between November 2019 and February 2025, for detached houses, in the Wealden local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.5% inflationary increase is applied to the most recent sale price for 2 LANCING WAY of £325,000 on 29th November 2019. For the value to have increased from £325,000 to £378,508 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 LANCING WAY has moved in line with the HPI for detached houses in the Wealden local authority area.
• The November 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LANCING WAY has not materially changed since November 2019.

How Large is 2 LANCING WAY?

2 LANCING WAY is 73m² according to the EPC inspection conducted in September 2012. This puts it in the smallest 30% of detached houses houses in Wannock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wannock, and where 2 LANCING WAY lies on this distribution: 23% of detached houses houses are smaller than 2 LANCING WAY, and 74% of houses are larger. Note that EPC data is not available for all properties in Wannock.

2 LANCING WAY: Plot and Title Map

2 LANCING WAY sits on a plot of roughly 0.088 of an acre, or 358m². The below map shows the location of 2 LANCING 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 LANCING 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 LANCING WAY?

2 LANCING WAY is located in POLEGATE, in the BN26 postcode district. The below map shows the position of No. 2 on LANCING WAY.