2, Lancaster Way, Welwyn, Hertfordshire, AL6 9LD See map
2 Lancaster Way is a 760-square-foot [1] terraced house with an estimated price today of £256,000.
Since the house was last sold in March 2022 for £240,400, its value has risen by £15,600 or 6%.
House Price Trends
Sold house prices and house price trends over time
Property Details
House features, location, and investment performance
2 Lancaster Way is a terraced house with a freehold tenure. A 2010 survey recorded the property as having 760 square feet of floor space and an expected layout of 2 bedrooms and 1 reception room. The property was built in 1950-1966.
The property has generated positive returns for its owners. Since its first recorded sale, the house's price has risen 6% per year on average, and in the last year, it has risen 7%.
2, Lancaster Way, Welwyn, Hertfordshire AL6 9LD
Sold House Prices
Timeline of sold house prices and cost per square foot
Since 2 Lancaster Way's first recorded sale in 2022, the house's price has risen by £15,600 or 6% per year.
During the same period, the price of an average home on Lancaster Way increased by £22,000 or 6% per year, and the average UK home increased by 8% per year.
- Current valuation£256,000
Terraced house freehold, £337 per square foot
+ 6% - Sold March 2022£240,400
Terraced house freehold, £316 per square foot
House Price Comparison
Comparison of local and national house prices
House Prices in Lancaster Way start at £256,000 for the cheapest property on the street, rising to £452,000 for the most expensive.
2 Lancaster Way is worth 31% less than the £368,000 average property on Lancaster Way and 14% less than the £296,000 UK average home.
Compare Average Terraced House Prices in England and Wales
Energy Efficiency
Energy usage and efficiency compared to the average terraced house in England and Wales. Figures from a 2010 survey
Recently sold on Lancaster Way
View allValuation details
Property valuation details and commonly asked questions
- Is the 2 Lancaster Way house price rising or falling?
- Can I afford to buy 2 Lancaster Way?
- How is the 2 Lancaster Way investment score calculated?
- How does the size of 2 Lancaster Way compare?
- How is the 2 Lancaster Way valuation estimated?
- Where are the figures sourced?
- What if the details are incorrect?
Is the 2 Lancaster Way house price rising or falling?
The 2 Lancaster Way house price estimate has risen in the past year, increasing by 7% or £16,000.
Can I afford to buy 2 Lancaster Way?
What property you can afford will depend on your financial situation and estimates of how much you can afford to borrow for a mortgage. Mortgage lenders use different rules to calculate how much you can borrow and what interest you will pay.
For example, if a mortgage lender allowed you to borrow 4.5x income and you could afford a 30% deposit of £76,800, then your annual income would need to be at least £39,822 to meet 2 Lancaster Way's current valuation of £256,000.
How is the 2 Lancaster Way investment score calculated?
The investment score measures historic short-term and long-term house price trends.
Properties with high long-term and short-term returns will have the highest scores. Equally, properties with negative returns will have a lower score.
Past performance, however, does not guarantee future returns, and price rises may have been due to extensions or other improvements to the property.
How does the size of 2 Lancaster Way compare?
The house has 760 sq ft of internal floor area, which is 20% smaller than the 950-square-foot average UK home.
How is the 2 Lancaster Way valuation estimated?
A house or flat valuation is estimated using sold prices and house price trends of similar properties in the area.
Each valuation uses our Repeat Sales House Price Index, which tracks price trends in large areas such as cities or towns. We use the index and local price trends (e.g. price increases in a street or postcode) to estimate property value.
The value estimates are most accurate when a property has sold recently and when there are similar properties nearby.
A valuation can, in some cases, be inaccurate. For example, if there have been significant changes to a property since it was last sold (e.g. an extension).
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Where are the figures sourced?
Sold house prices and property types/tenures are from HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
[1] Other property details, such as energy efficiency, are estimates from a 2010 property survey.
What if the details are incorrect?
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If sold property prices or property types are incorrect, you should verify them with HM Land Registry. You can notify HM Land Registry of any errors.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
You can verify property details related to energy efficiency.