38, LANCASTER WAY, NOTTINGHAM, NG8 6PH - £308,000

38 LANCASTER WAY is a small extended detached house of 88m², built sometime between 1983 and 1990. It was last sold for £308,000 in June 2021, which was around 11% above the average June 2021 detached price in the City of Nottingham local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

38 LANCASTER WAY Sold Prices

Land registry data shows five sales for 38 LANCASTER WAY since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the City of Nottingham local authority area for the corresponding sale date. All of the five 38 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
2021 24 JUN	£308,000	£278,305	11% above HPI
2005 21 DEC	£155,000	£148,145	5% above HPI
2005 4 NOV	£155,000	£144,713	7% above HPI
2002 27 SEP	£110,000	£105,472	4% above HPI
2000 15 SEP	£74,000	£69,603	6% above HPI

38 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 five 38 LANCASTER WAY sales between September 2000 and June 2021 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 December 2005 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2021 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

How Large is 38 LANCASTER WAY?

38 LANCASTER WAY is 88m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 30% of detached houses in Nottingham, based on EPC data. The below chart shows the distribution of detached houses by size in Nottingham, and where 38 LANCASTER WAY lies on this distribution: 29% of detached houses are smaller than 38 LANCASTER WAY, and 69% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

38 LANCASTER WAY: Plot and Title Map

38 LANCASTER WAY sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 38 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 38 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 38 LANCASTER WAY?

38 LANCASTER WAY is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 38 on LANCASTER WAY.