3, PROSPECT LANE, WITHERNWICK, HULL, HU11 4UB - £362,000

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.

3 PROSPECT LANE is a very large extended detached house of 212m², built sometime between 1996 and 2002, which could now be worth an estimated £531,953. It was last sold for £362,000 in February 2016, which was around 56% above the average February 2016 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was D.

3 PROSPECT LANE Sold Prices

Land registry data shows two sales for 3 PROSPECT LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. Both of the two 3 PROSPECT LANE 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
2016 12 FEB	£362,000	£232,164	56% above HPI
2012 14 DEC	£395,000	£207,917	90% above HPI

3 PROSPECT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two 3 PROSPECT LANE sales from December 2012 and February 2016 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 2012 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the February 2016 sale, where it falls to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might 3 PROSPECT LANE be worth now?

3 PROSPECT LANE might now be worth an estimated £531,953.

This is based on house price inflation of 46.9%, between February 2016 and February 2025, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 46.9% inflationary increase is applied to the most recent sale price for 3 PROSPECT LANE of £362,000 on 12th February 2016. For the value to have increased from £362,000 to £531,953 over the nine years to February 2025, the following assumptions must hold true:

• The value of 3 PROSPECT LANE has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The February 2016 sale price of £362,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PROSPECT LANE has not materially changed since February 2016.

How Large is 3 PROSPECT LANE?

3 PROSPECT LANE is 212m², which includes one extension, according to the EPC inspection conducted in January 2012. This puts it in the largest 10% of detached houses houses in Withernwick, based on EPC data. The below chart shows the distribution of detached houses houses by size in Withernwick, and where 3 PROSPECT LANE lies on this distribution: 93% of detached houses houses are smaller than 3 PROSPECT LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Withernwick.

3 PROSPECT LANE: Plot and Title Map

3 PROSPECT LANE sits on a plot of roughly 0.662 of an acre, or 2,677m². The below map shows the location of 3 PROSPECT LANE, 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 PROSPECT LANE). 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 PROSPECT LANE?

3 PROSPECT LANE is located in WITHERNWICK, in the HU11 postcode district. The below map shows the position of No. 3 on PROSPECT LANE.