4, LANCELOT WAY, MANSFIELD, NG19 6FJ - £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

4 LANCELOT WAY is a very small detached house of 79m², built in 2017, which could now be worth an estimated £228,313. It was last sold for £230,000 in November 2022, which was around 14% below the average November 2022 detached price in the Mansfield local authority area. The most recent EPC inspection was May 2021, where the current energy rating was B, and the potential energy rating was A.

4 LANCELOT WAY Sold Prices

Land registry data shows two sales for 4 LANCELOT 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 Mansfield local authority area for the corresponding sale date. Both of the two 4 LANCELOT 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
2022 25 NOV	£230,000	£267,918	14% below HPI
2021 24 JUN	£183,995	£228,013	19% below HPI

4 LANCELOT WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mansfield local authority area over time, sourced from the HPI. The two 4 LANCELOT WAY sales from June 2021 and November 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 June 2021 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the November 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 LANCELOT WAY be worth now?

4 LANCELOT WAY might now be worth an estimated £228,313.

This is based on house price deflation of 0.7%, between November 2022 and December 2024, for detached houses, in the Mansfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 4 LANCELOT WAY of £230,000 on 25th November 2022. For the value to have decreased from £230,000 to £228,313 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of 4 LANCELOT WAY has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The November 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 4 LANCELOT WAY has not materially changed since November 2022.

How Large is 4 LANCELOT WAY?

4 LANCELOT WAY is 79m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 20% of detached houses houses in Mansfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mansfield, and where 4 LANCELOT WAY lies on this distribution: 16% of detached houses houses are smaller than 4 LANCELOT WAY, and 82% of houses are larger. Note that EPC data is not available for all properties in Mansfield.

4 LANCELOT WAY: Plot and Title Map

4 LANCELOT WAY sits on a plot of roughly 0.046 of an acre, or 186m². The below map shows the location of 4 LANCELOT 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 4 LANCELOT 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 4 LANCELOT WAY?

4 LANCELOT WAY is located in MANSFIELD, in the NG19 postcode district. The below map shows the position of No. 4 on LANCELOT WAY.