8, NEEDHAM WAY, SKELMERSDALE, WN8 6PR - £270,000

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

8 NEEDHAM WAY is a large extended detached house of 127m², built sometime between 1991 and 1995. It was last sold for £270,000 in February 2023, which was around 20% below the average February 2023 detached price in the West Lancashire local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

8 NEEDHAM WAY Sold Prices

Land registry data shows three sales for 8 NEEDHAM 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 West Lancashire local authority area for the corresponding sale date. All of the three 8 NEEDHAM WAY 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
2023 15 FEB	£270,000	£335,953	20% below HPI
2014 18 NOV	£200,000	£247,400	19% below HPI
1998 29 MAY	£86,320	£91,002	5% below HPI

8 NEEDHAM WAY 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 8 NEEDHAM WAY sales between May 1998 and February 2023 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 November 2014 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the February 2023 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 8 NEEDHAM WAY?

8 NEEDHAM WAY is 127m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the largest 30% of detached houses in Skelmersdale, based on EPC data. The below chart shows the distribution of detached houses by size in Skelmersdale, and where 8 NEEDHAM WAY lies on this distribution: 75% of detached houses are smaller than 8 NEEDHAM WAY, and 24% of houses are larger. Note that EPC data is not available for all properties in Skelmersdale.

8 NEEDHAM WAY: Plot and Title Map

8 NEEDHAM WAY sits on a plot of roughly 0.081 of an acre, or 329m². The below map shows the location of 8 NEEDHAM 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 8 NEEDHAM 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 8 NEEDHAM WAY?

8 NEEDHAM WAY is located in SKELMERSDALE, in the WN8 postcode district. The below map shows the position of No. 8 on NEEDHAM WAY.