3, LAKEWAY, SOMERSHAM, HUNTINGDON, PE28 3JN - £183,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 LAKEWAY is a midsized extended detached house of 108m², built sometime between 1967 and 1975. It was last sold for £183,000 in May 2012, which was around 30% below the average May 2012 detached price in the Huntingdonshire local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

3 LAKEWAY Sold Prices

Land registry data shows three sales for 3 LAKEWAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Huntingdonshire local authority area for the corresponding sale date. All of the three 3 LAKEWAY 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
2012 25 MAY	£183,000	£261,539	30% below HPI
2009 23 JUN	£170,000	£235,394	28% below HPI
1997 28 NOV	£58,000	£95,927	40% below HPI

3 LAKEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Huntingdonshire local authority area over time, sourced from the HPI. The three 3 LAKEWAY sales between November 1997 and May 2012 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 June 2009 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the May 2012 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 LAKEWAY?

3 LAKEWAY is 108m², which includes two extensions, according to the EPC inspection conducted in September 2011. This puts it in the smallest 50% of detached houses in Somersham, based on EPC data. The below chart shows the distribution of detached houses by size in Somersham, and where 3 LAKEWAY lies on this distribution: 43% of detached houses are smaller than 3 LAKEWAY, and 57% of houses are larger. Note that EPC data is not available for all properties in Somersham.

3 LAKEWAY: Plot and Title Map

3 LAKEWAY sits on a plot of roughly 0.049 of an acre, or 197m². The below map shows the location of 3 LAKEWAY, 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 LAKEWAY). 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 LAKEWAY?

3 LAKEWAY is located in SOMERSHAM, in the PE28 postcode district. The below map shows the position of No. 3 on LAKEWAY.