7, LANCASTER WAY, NOTTINGHAM, NG8 6PH - £315,000

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

7 LANCASTER WAY is a midsized detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £343,898. It was last sold for £315,000 in February 2022, which was around 6% above the average February 2022 detached price in the City of Nottingham local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

7 LANCASTER WAY Sold Prices

Land registry data shows three sales for 7 LANCASTER WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. All of the three 7 LANCASTER WAY 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
2022 4 FEB	£315,000	£295,848	6% above HPI
2009 11 JUL	£193,000	£157,384	23% above HPI
2004 16 JUL	£220,000	£171,407	28% above HPI

7 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 three 7 LANCASTER WAY sales between July 2004 and February 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 July 2009 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2022 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 7 LANCASTER WAY be worth now?

7 LANCASTER WAY might now be worth an estimated £343,898.

This is based on house price inflation of 9.2%, between February 2022 and December 2024, for detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.2% inflationary increase is applied to the most recent sale price for 7 LANCASTER WAY of £315,000 on 4th February 2022. For the value to have increased from £315,000 to £343,898 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of 7 LANCASTER WAY has moved in line with the HPI for detached houses in the City of Nottingham local authority area.
• The February 2022 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LANCASTER WAY has not materially changed since February 2022.

How Large is 7 LANCASTER WAY?

7 LANCASTER WAY is 108m² according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Nottingham, and where 7 LANCASTER WAY lies on this distribution: 57% of detached houses houses are smaller than 7 LANCASTER WAY, and 43% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

7 LANCASTER WAY: Plot and Title Map

7 LANCASTER WAY sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 7 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 7 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 7 LANCASTER WAY?

7 LANCASTER WAY is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 7 on LANCASTER WAY.