2, NEEDHAM WAY, SKELMERSDALE, WN8 6PR - £197,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 NEEDHAM WAY is a large detached house of 116m². It was last sold for £197,500 in August 2015, which was around 20% below the average August 2015 detached price in the West Lancashire local authority area. The most recent EPC inspection was November 2009, where the current energy rating was C, and the potential energy rating was C.

2 NEEDHAM WAY Sold Prices

Land registry data shows three sales for 2 NEEDHAM WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. All of the three 2 NEEDHAM 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
2015 28 AUG	£197,500	£247,203	20% below HPI
2012 27 JAN	£196,500	£231,215	15% below HPI
1998 1 SEP	£79,950	£95,120	16% below HPI

2 NEEDHAM WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 2 NEEDHAM WAY sales between September 1998 and August 2015 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 January 2012 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the August 2015 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 NEEDHAM WAY be worth now?

2 NEEDHAM WAY might now be worth an estimated £294,665.

This is based on house price inflation of 49.2%, between August 2015 and December 2024, for detached houses, in the West Lancashire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 49.2% inflationary increase is applied to the most recent sale price for 2 NEEDHAM WAY of £197,500 on 28th August 2015. For the value to have increased from £197,500 to £294,665 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 2 NEEDHAM WAY has moved in line with the HPI for detached houses in the West Lancashire local authority area.
• The August 2015 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NEEDHAM WAY has not materially changed since August 2015.

How Large is 2 NEEDHAM WAY?

2 NEEDHAM WAY is 116m² according to the EPC inspection conducted in November 2009. This puts it in the largest 40% of detached houses houses in Skelmersdale, based on EPC data. The below chart shows the distribution of detached houses houses by size in Skelmersdale, and where 2 NEEDHAM WAY lies on this distribution: 63% of detached houses houses are smaller than 2 NEEDHAM WAY, and 37% of houses are larger. Note that EPC data is not available for all properties in Skelmersdale.

2 NEEDHAM WAY: Plot and Title Map

2 NEEDHAM WAY sits on a plot of roughly 0.078 of an acre, or 314m². The below map shows the location of 2 NEEDHAM 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 NEEDHAM 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 NEEDHAM WAY?

2 NEEDHAM WAY is located in SKELMERSDALE, in the WN8 postcode district. The below map shows the position of No. 2 on NEEDHAM WAY.