2, LANE CLOSE, LONDON, NW2 6QZ - £812,500

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 LANE CLOSE is a small extended detached house of 111m², built sometime between 1900 and 1929. It was last sold for £812,500 in July 2016, which was around 23% below the average July 2016 detached price in the Brent local authority area. The most recent EPC inspection was October 2012, where the current energy rating was E, and the potential energy rating was B.

2 LANE CLOSE Sold Prices

Land registry data shows three sales for 2 LANE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Brent local authority area for the corresponding sale date. All of the three 2 LANE CLOSE 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
2016 15 JUL	£812,500	£1,052,535	23% below HPI
2013 11 MAR	£605,000	£693,583	13% below HPI
1998 30 APR	£159,950	£213,425	25% below HPI

2 LANE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Brent local authority area over time, sourced from the HPI. The three 2 LANE CLOSE sales between April 1998 and July 2016 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 2013 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2016 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 2 LANE CLOSE?

2 LANE CLOSE is 111m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 2 LANE CLOSE lies on this distribution: 28% of detached houses are smaller than 2 LANE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in London.

2 LANE CLOSE: Plot and Title Map

2 LANE CLOSE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 2 LANE CLOSE, 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 LANE CLOSE). 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 LANE CLOSE?

2 LANE CLOSE is located in LONDON, in the NW2 postcode district. The below map shows the position of No. 2 on LANE CLOSE.