40, LANCASTER AVENUE, SANDIACRE, NOTTINGHAM, NG10 5GW - £215,000

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.

40 LANCASTER AVENUE is a small detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £316,720. It was last sold for £215,000 in August 2016, which was around 1% below the average August 2016 detached price in the Erewash local authority area. The most recent EPC inspection was August 2013, where the current energy rating was F, and the potential energy rating was B.

40 LANCASTER AVENUE Sold Prices

Land registry data shows two sales for 40 LANCASTER AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Erewash local authority area for the corresponding sale date. Both of the two 40 LANCASTER AVENUE 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
2016 12 AUG	£215,000	£216,550	1% below HPI
2013 31 OCT	£137,000	£178,414	23% below HPI

40 LANCASTER AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Erewash local authority area over time, sourced from the HPI. The two 40 LANCASTER AVENUE sales from October 2013 and August 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 October 2013 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2016 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 40 LANCASTER AVENUE be worth now?

40 LANCASTER AVENUE might now be worth an estimated £316,720.

This is based on house price inflation of 47.3%, between August 2016 and February 2025, for detached houses, in the Erewash local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.3% inflationary increase is applied to the most recent sale price for 40 LANCASTER AVENUE of £215,000 on 12th August 2016. For the value to have increased from £215,000 to £316,720 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 40 LANCASTER AVENUE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The August 2016 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 40 LANCASTER AVENUE has not materially changed since August 2016.

How Large is 40 LANCASTER AVENUE?

40 LANCASTER AVENUE is 83m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 30% of detached houses houses in Sandiacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sandiacre, and where 40 LANCASTER AVENUE lies on this distribution: 22% of detached houses houses are smaller than 40 LANCASTER AVENUE, and 76% of houses are larger. Note that EPC data is not available for all properties in Sandiacre.

40 LANCASTER AVENUE: Plot and Title Map

40 LANCASTER AVENUE sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 40 LANCASTER AVENUE, 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 40 LANCASTER AVENUE). 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 40 LANCASTER AVENUE?

40 LANCASTER AVENUE is located in SANDIACRE, in the NG10 postcode district. The below map shows the position of No. 40 on LANCASTER AVENUE.