31, LANCASTER WAY, NOTTINGHAM, NG8 6PH - £144,000

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

31 LANCASTER WAY is a small extended detached house of 81m², built sometime between 1983 and 1990. It was last sold for £144,000 in May 2019, which was around 40% below the average May 2019 detached price in the City of Nottingham local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was C.

31 LANCASTER WAY Sold Prices

Land registry data shows two sales for 31 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 City of Nottingham local authority area for the corresponding sale date. Both of the two 31 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
2019 3 MAY	£144,000	£241,471	40% below HPI
1998 25 SEP	£53,000	£59,082	10% below HPI

31 LANCASTER WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The two 31 LANCASTER WAY sales from September 1998 and May 2019 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 September 1998 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the May 2019 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 31 LANCASTER WAY?

31 LANCASTER WAY is 81m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the smallest 30% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 31 LANCASTER WAY lies on this distribution: 20% of detached houses are smaller than 31 LANCASTER WAY, and 79% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

31 LANCASTER WAY: Plot and Title Map

31 LANCASTER WAY sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 31 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 31 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 31 LANCASTER WAY?

31 LANCASTER WAY is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 31 on LANCASTER WAY.