8, LANCASTER AVENUE, SANDIACRE, NOTTINGHAM, NG10 5GW - £230,500

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.

8 LANCASTER AVENUE is a midsized detached house of 96m², built sometime between 1930 and 1949, which could now be worth an estimated £281,132. It was last sold for £230,500 in October 2020, which was around 12% below the average October 2020 detached price in the Erewash local authority area. The most recent EPC inspection was July 2020, where the current energy rating was E, and the potential energy rating was B.

8 LANCASTER AVENUE Sold Prices

Land registry data shows two sales for 8 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 8 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
2020 9 OCT	£230,500	£261,550	12% below HPI
1995 26 MAY	£59,995	£62,158	3% below HPI

8 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 8 LANCASTER AVENUE sales from May 1995 and October 2020 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 May 1995 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the October 2020 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 8 LANCASTER AVENUE be worth now?

8 LANCASTER AVENUE might now be worth an estimated £281,132.

This is based on house price inflation of 22%, between October 2020 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 22% inflationary increase is applied to the most recent sale price for 8 LANCASTER AVENUE of £230,500 on 9th October 2020. For the value to have increased from £230,500 to £281,132 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 8 LANCASTER AVENUE has moved in line with the HPI for detached houses in the Erewash local authority area.
• The October 2020 sale price of £230,500 represented a fair market value for the property.
• The size, condition, and specification of 8 LANCASTER AVENUE has not materially changed since October 2020.

How Large is 8 LANCASTER AVENUE?

8 LANCASTER AVENUE is 96m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 50% 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 8 LANCASTER AVENUE lies on this distribution: 44% of detached houses houses are smaller than 8 LANCASTER AVENUE, and 55% of houses are larger. Note that EPC data is not available for all properties in Sandiacre.

8 LANCASTER AVENUE: Plot and Title Map

8 LANCASTER AVENUE sits on a plot of roughly 0.139 of an acre, or 561m². The below map shows the location of 8 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 8 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 8 LANCASTER AVENUE?

8 LANCASTER AVENUE is located in SANDIACRE, in the NG10 postcode district. The below map shows the position of No. 8 on LANCASTER AVENUE.