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

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

2B LANCASTER WAY is a very small detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £171,321. It was last sold for £151,500 in April 2021, which was around 53% 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	£322,470	53% below HPI
1995 25 OCT	£33,500	£70,488	52% 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 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the April 2021 sale, where it falls to 53% below the HPI. The line then continues to track at 53% below the HPI.

What might 2B LANCASTER WAY be worth now?

2B LANCASTER WAY might now be worth an estimated £171,321.

This is based on house price inflation of 13.1%, between April 2021 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.1% inflationary increase is applied to the most recent sale price for 2B LANCASTER WAY of £151,500 on 9th April 2021. For the value to have increased from £151,500 to £171,321 over the four years and two months to February 2025, the following assumptions must hold true:

• The value of 2B LANCASTER WAY has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The April 2021 sale price of £151,500 represented a fair market value for the property.
• The size, condition, and specification of 2B LANCASTER WAY has not materially changed since April 2021.

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 houses in Market Deeping, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Deeping, and where 2B LANCASTER WAY lies on this distribution: 6% of detached houses 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.