2, POUND LANE, PRESTEIGNE, LD8 2DB - £175,000

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 POUND LANE is a very small extended semi-detached house of 62m², built sometime before 1900, which could now be worth an estimated £185,634. It was last sold for £175,000 in May 2023, which was around 13% below the average May 2023 semi-detached price in the Powys local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was B.

2 POUND LANE Sold Prices

Land registry data shows two sales for 2 POUND LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Powys local authority area for the corresponding sale date. Both of the two 2 POUND LANE 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
2023 3 MAY	£175,000	£200,660	13% below HPI
2021 24 FEB	£75,000	£181,036	59% below HPI

2 POUND LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Powys local authority area over time, sourced from the HPI. The two 2 POUND LANE sales from February 2021 and May 2023 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 February 2021 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the May 2023 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 2 POUND LANE be worth now?

2 POUND LANE might now be worth an estimated £185,634.

This is based on house price inflation of 6.1%, between May 2023 and February 2025, for semi-detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.1% inflationary increase is applied to the most recent sale price for 2 POUND LANE of £175,000 on 3rd May 2023. For the value to have increased from £175,000 to £185,634 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of 2 POUND LANE has moved in line with the HPI for semi-detached houses in the Powys local authority area.
• The May 2023 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 2 POUND LANE has not materially changed since May 2023.

How Large is 2 POUND LANE?

2 POUND LANE is 62m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of semi-detached houses houses in Presteigne, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Presteigne, and where 2 POUND LANE lies on this distribution: 8% of semi-detached houses houses are smaller than 2 POUND LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Presteigne.

2 POUND LANE: Plot and Title Map

2 POUND LANE sits on a plot of roughly 0.013 of an acre, or 54m². The below map shows the location of 2 POUND 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 POUND 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 POUND LANE?

2 POUND LANE is located in PRESTEIGNE, in the LD8 postcode district. The below map shows the position of No. 2 on POUND LANE.