3, LAKE DRIVE, WINCHESTER, SO22 4PB - £1,230,000

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

3 LAKE DRIVE is a very large extended detached house of 282m², built sometime from 2007 onwards, which could now be worth an estimated £1,256,131. It was last sold for £1,230,000 in December 2022, which was around 57% above the average December 2022 detached price in the Winchester local authority area. The most recent EPC inspection was May 2016, where the current energy rating was B, and the potential energy rating was B.

3 LAKE DRIVE Sold Prices

Land registry data shows two sales for 3 LAKE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Winchester local authority area for the corresponding sale date. Both of the two 3 LAKE DRIVE 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 14 DEC	£1,230,000	£782,598	57% above HPI
2016 15 DEC	£1,150,000	£649,342	77% above HPI

3 LAKE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Winchester local authority area over time, sourced from the HPI. The two 3 LAKE DRIVE sales from December 2016 and December 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 December 2016 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the December 2022 sale, where it falls to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might 3 LAKE DRIVE be worth now?

3 LAKE DRIVE might now be worth an estimated £1,256,131.

This is based on house price inflation of 2.1%, between December 2022 and December 2024, for detached houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% inflationary increase is applied to the most recent sale price for 3 LAKE DRIVE of £1,230,000 on 14th December 2022. For the value to have increased from £1,230,000 to £1,256,131 over the two years to December 2024, the following assumptions must hold true:

• The value of 3 LAKE DRIVE has moved in line with the HPI for detached houses in the Winchester local authority area.
• The December 2022 sale price of £1,230,000 represented a fair market value for the property.
• The size, condition, and specification of 3 LAKE DRIVE has not materially changed since December 2022.

How Large is 3 LAKE DRIVE?

3 LAKE DRIVE is 282m², which includes two extensions, according to the EPC inspection conducted in May 2016. This puts it in the largest 10% of detached houses houses in Winchester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Winchester, and where 3 LAKE DRIVE lies on this distribution: 94% of detached houses houses are smaller than 3 LAKE DRIVE, and 6% of houses are larger. Note that EPC data is not available for all properties in Winchester.

3 LAKE DRIVE: Plot and Title Map

3 LAKE DRIVE sits on a plot of roughly 0.159 of an acre, or 643m². The below map shows the location of 3 LAKE DRIVE, 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 3 LAKE DRIVE). 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 3 LAKE DRIVE?

3 LAKE DRIVE is located in WINCHESTER, in the SO22 postcode district. The below map shows the position of No. 3 on LAKE DRIVE.