1, CANDLE LANE, MILNTHORPE, LA7 7QS - £220,000

1 CANDLE LANE is a small extended semi-detached house of 86m², built sometime between 1950 and 1966. It was last sold for £220,000 in June 2020, which was around 28% below the average June 2020 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2016, where the current energy rating was E, and the potential energy rating was B.

1 CANDLE LANE Sold Prices

Land registry data shows four sales for 1 CANDLE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the four 1 CANDLE LANE 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
2020 25 JUN	£220,000	£305,563	28% below HPI
2016 27 JUL	£197,550	£284,606	31% below HPI
2008 29 FEB	£172,000	£273,021	37% below HPI
2006 10 OCT	£169,000	£262,007	35% below HPI

1 CANDLE LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The four 1 CANDLE LANE sales between October 2006 and June 2020 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 July 2016 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2020 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 1 CANDLE LANE?

1 CANDLE LANE is 86m², which includes one extension, according to the EPC inspection conducted in May 2016. This puts it in the smallest 30% of detached houses in Milnthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Milnthorpe, and where 1 CANDLE LANE lies on this distribution: 23% of detached houses are smaller than 1 CANDLE LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Milnthorpe.

1 CANDLE LANE: Plot and Title Map

1 CANDLE LANE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of 1 CANDLE LANE, 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 1 CANDLE LANE). 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 1 CANDLE LANE?

1 CANDLE LANE is located in MILNTHORPE, in the LA7 postcode district. The below map shows the position of No. 1 on CANDLE LANE.