2B, LANCASTER WAY, MARKET DEEPING, PETERBOROUGH, PE6 8LA - £151,500

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2B LANCASTER WAY is a very small detached house of 72m², built sometime between 1983 and 1990. It was last sold for £151,500 in April 2021, which was around 54% below the average April 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2011, where the current energy rating was C, and the potential energy rating was C.

2B LANCASTER WAY Sold Prices

Land registry data shows two sales for 2B LANCASTER 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 South Kesteven local authority area for the corresponding sale date. Both of the two 2B LANCASTER 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
2021 9 APR	£151,500	£327,868	54% below HPI
1995 25 OCT	£33,500	£71,667	53% below HPI

2B LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 2B LANCASTER WAY sales from October 1995 and April 2021 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 1995 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the April 2021 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

How Large is 2B LANCASTER WAY?

2B LANCASTER WAY is 72m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in Market Deeping, based on EPC data. The below chart shows the distribution of detached houses by size in Market Deeping, and where 2B LANCASTER WAY lies on this distribution: 6% of detached houses are smaller than 2B LANCASTER WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Market Deeping.

2B LANCASTER WAY: Plot and Title Map

2B LANCASTER WAY sits on a plot of roughly 0.037 of an acre, or 150m². The below map shows the location of 2B LANCASTER 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 2B LANCASTER 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 2B LANCASTER WAY?

2B LANCASTER WAY is located in MARKET DEEPING, in the PE6 postcode district. The below map shows the position of No. 2B on LANCASTER WAY.