2, SOVEREIGN WAY, WORKSOP, S81 7TE - £350,000

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 SOVEREIGN WAY is a large detached house of 125m², which could now be worth an estimated £367,004. It was last sold for £350,000 in October 2022, which was around 17% above the average October 2022 detached price in the Bassetlaw local authority area. The most recent EPC inspection was June 2018, where the current energy rating was B, and the potential energy rating was A.

2 SOVEREIGN WAY Sold Prices

Land registry data shows two sales for 2 SOVEREIGN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. Both of the two 2 SOVEREIGN WAY sales were 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
2022 18 OCT	£350,000	£298,228	17% above HPI
2018 27 JUL	£285,995	£220,662	30% above HPI

2 SOVEREIGN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The two 2 SOVEREIGN WAY sales from July 2018 and October 2022 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 July 2018 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the October 2022 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 2 SOVEREIGN WAY be worth now?

2 SOVEREIGN WAY might now be worth an estimated £367,004.

This is based on house price inflation of 4.9%, between October 2022 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.9% inflationary increase is applied to the most recent sale price for 2 SOVEREIGN WAY of £350,000 on 18th October 2022. For the value to have increased from £350,000 to £367,004 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 SOVEREIGN WAY has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The October 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 2 SOVEREIGN WAY has not materially changed since October 2022.

How Large is 2 SOVEREIGN WAY?

2 SOVEREIGN WAY is 125m² according to the EPC inspection conducted in June 2018. This puts it in the largest 40% of detached houses houses in Worksop, based on EPC data. The below chart shows the distribution of detached houses houses by size in Worksop, and where 2 SOVEREIGN WAY lies on this distribution: 65% of detached houses houses are smaller than 2 SOVEREIGN WAY, and 33% of houses are larger. Note that EPC data is not available for all properties in Worksop.

2 SOVEREIGN WAY: Plot and Title Map

2 SOVEREIGN WAY sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 2 SOVEREIGN 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 SOVEREIGN 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 SOVEREIGN WAY?

2 SOVEREIGN WAY is located in WORKSOP, in the S81 postcode district. The below map shows the position of No. 2 on SOVEREIGN WAY.