THE STUDIO, MOAT LANE, TOWCESTER, NN12 6AD - £139,000

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.

THE STUDIO is a very small terraced house of 26m², built sometime before 1900, which could now be worth an estimated £144,722. It was last sold for £139,000 in June 2022, which was around 38% below the average June 2022 terraced price in the West Northamptonshire local authority area. The most recent EPC inspection was February 2013, where the current energy rating was F, and the potential energy rating was B.

THE STUDIO Sold Prices

Land registry data shows three sales for THE STUDIO since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the West Northamptonshire local authority area for the corresponding sale date. All of the three THE STUDIO 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
2022 24 JUN	£139,000	£224,339	38% below HPI
2008 26 MAR	£90,000	£141,199	36% below HPI
2002 22 MAR	£52,000	£74,353	30% below HPI

THE STUDIO Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Northamptonshire local authority area over time, sourced from the HPI. The three THE STUDIO sales between March 2002 and June 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 March 2008 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the June 2022 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might THE STUDIO be worth now?

THE STUDIO might now be worth an estimated £144,722.

This is based on house price inflation of 4.1%, between June 2022 and June 2025, for terraced houses, in the West Northamptonshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.1% inflationary increase is applied to the most recent sale price for THE STUDIO of £139,000 on 24th June 2022. For the value to have increased from £139,000 to £144,722 over the three years to June 2025, the following assumptions must hold true:

• The value of THE STUDIO has moved in line with the HPI for terraced houses in the West Northamptonshire local authority area.
• The June 2022 sale price of £139,000 represented a fair market value for the property.
• The size, condition, and specification of THE STUDIO has not materially changed since June 2022.

How Large is THE STUDIO?

THE STUDIO is 26m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 10% of terraced houses houses in Towcester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Towcester, and where THE STUDIO lies on this distribution: Less than 1% of terraced houses houses are smaller than THE STUDIO, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Towcester.

THE STUDIO: Plot and Title Map

THE STUDIO sits on a plot of roughly 0.008 of an acre, or 33m². The below map shows the location of THE STUDIO, 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 THE STUDIO). 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 THE STUDIO?

THE STUDIO is located on MOAT LANE in TOWCESTER, in the NN12 postcode district. The below map shows the position of THE STUDIO on MOAT LANE.