5, NEW CUT LANE, SOUTHPORT, PR8 3DN - £160,000

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

5 NEW CUT LANE is a midsized detached house of 147m², built sometime between 1996 and 2002. It was last sold for £160,000 in May 2014, which was around 33% below the average May 2014 detached price in the West Lancashire local authority area. The most recent EPC inspection was September 2013, where the current energy rating was C, and the potential energy rating was B.

5 NEW CUT LANE Sold Prices

Land registry data shows three sales for 5 NEW CUT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lancashire local authority area for the corresponding sale date. One of the three 5 NEW CUT LANE sales was for below the average price, whilst two 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
2014 14 MAY	£160,000	£240,438	33% below HPI
2004 16 AUG	£280,000	£217,295	29% above HPI
1997 5 DEC	£95,950	£92,866	3% above HPI

5 NEW CUT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lancashire local authority area over time, sourced from the HPI. The three 5 NEW CUT LANE sales between December 1997 and May 2014 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 August 2004 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the May 2014 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is 5 NEW CUT LANE?

5 NEW CUT LANE is 147m² according to the EPC inspection conducted in September 2013. This puts it in the largest 50% of detached houses in Southport, based on EPC data. The below chart shows the distribution of detached houses by size in Southport, and where 5 NEW CUT LANE lies on this distribution: 57% of detached houses are smaller than 5 NEW CUT LANE, and 43% of houses are larger. Note that EPC data is not available for all properties in Southport.

5 NEW CUT LANE: Plot and Title Map

5 NEW CUT LANE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 5 NEW CUT 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 5 NEW CUT 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 5 NEW CUT LANE?

5 NEW CUT LANE is located in SOUTHPORT, in the PR8 postcode district. The below map shows the position of No. 5 on NEW CUT LANE.