2, NEW CUT LANE, SOUTHPORT, PR8 3DN - £130,500

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 NEW CUT LANE is a very small extended semi-detached house of 87m², built sometime between 1900 and 1929, which could now be worth an estimated £176,997. It was last sold for £130,500 in February 2018, which was around 21% below the average February 2018 semi-detached price in the West Lancashire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

2 NEW CUT LANE Sold Prices

Land registry data shows three sales for 2 NEW CUT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Lancashire local authority area for the corresponding sale date. Two of the three 2 NEW CUT LANE sales were for below the average price, whilst one 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
2018 23 FEB	£130,500	£164,382	21% below HPI
1999 18 OCT	£59,000	£57,773	2% above HPI
1996 2 OCT	£49,000	£50,256	2% below HPI

2 NEW CUT LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 2 NEW CUT LANE sales between October 1996 and February 2018 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 October 1999 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2018 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 NEW CUT LANE be worth now?

2 NEW CUT LANE might now be worth an estimated £176,997.

This is based on house price inflation of 35.6%, between February 2018 and February 2025, for semi-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 35.6% inflationary increase is applied to the most recent sale price for 2 NEW CUT LANE of £130,500 on 23rd February 2018. For the value to have increased from £130,500 to £176,997 over the seven years to February 2025, the following assumptions must hold true:

• The value of 2 NEW CUT LANE has moved in line with the HPI for semi-detached houses in the West Lancashire local authority area.
• The February 2018 sale price of £130,500 represented a fair market value for the property.
• The size, condition, and specification of 2 NEW CUT LANE has not materially changed since February 2018.

How Large is 2 NEW CUT LANE?

2 NEW CUT LANE is 87m², which includes one extension, according to the EPC inspection conducted in November 2013. This puts it in the smallest 20% of semi-detached houses houses in Southport, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Southport, and where 2 NEW CUT LANE lies on this distribution: 14% of semi-detached houses houses are smaller than 2 NEW CUT LANE, and 85% of houses are larger. Note that EPC data is not available for all properties in Southport.

2 NEW CUT LANE: Plot and Title Map

2 NEW CUT LANE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 2 NEW CUT LANE, 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 NEW CUT LANE). 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 NEW CUT LANE?

2 NEW CUT LANE is located in SOUTHPORT, in the PR8 postcode district. The below map shows the position of No. 2 on NEW CUT LANE.