8, LANCELOT DRIVE, WATNALL, NOTTINGHAM, NG16 1JS - £460,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 LANCELOT DRIVE is a large extended detached house of 142m², built sometime between 1976 and 1982. It was last sold for £460,000 in May 2022, which was around 41% above the average May 2022 detached price in the Broxtowe local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was B.

8 LANCELOT DRIVE Sold Prices

Land registry data shows two sales for 8 LANCELOT DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Broxtowe local authority area for the corresponding sale date. Both of the two 8 LANCELOT DRIVE 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 3 MAY	£460,000	£325,574	41% above HPI
2006 13 APR	£300,000	£195,224	54% above HPI

8 LANCELOT DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broxtowe local authority area over time, sourced from the HPI. The two 8 LANCELOT DRIVE sales from April 2006 and May 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 April 2006 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the May 2022 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 8 LANCELOT DRIVE?

8 LANCELOT DRIVE is 142m², which includes three extensions, according to the EPC inspection conducted in July 2015. This puts it in the largest 30% of detached houses in Watnall, based on EPC data. The below chart shows the distribution of detached houses by size in Watnall, and where 8 LANCELOT DRIVE lies on this distribution: 71% of detached houses are smaller than 8 LANCELOT DRIVE, and 27% of houses are larger. Note that EPC data is not available for all properties in Watnall.

8 LANCELOT DRIVE: Plot and Title Map

8 LANCELOT DRIVE sits on a plot of roughly 0.139 of an acre, or 562m². The below map shows the location of 8 LANCELOT DRIVE, 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 LANCELOT DRIVE). 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 LANCELOT DRIVE?

8 LANCELOT DRIVE is located in WATNALL, in the NG16 postcode district. The below map shows the position of No. 8 on LANCELOT DRIVE.