1, DERWENT CLOSE, PENRITH, CA11 9GP - £282,500

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.

1 DERWENT CLOSE is a very large extended detached house of 195m², built sometime between 1996 and 2002, which could now be worth an estimated £387,103. It was last sold for £282,500 in June 2015, which was about the average June 2015 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2012, where the current energy rating was C, and the potential energy rating was B.

1 DERWENT CLOSE Sold Prices

Land registry data shows two sales for 1 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. One of the two 1 DERWENT CLOSE sales was roughly equal to the average price, whilst the other was 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
2015 2 JUN	£282,500	£281,553	Close to HPI
2007 5 OCT	£300,000	£284,526	5% above HPI

1 DERWENT CLOSE 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 two 1 DERWENT CLOSE sales from October 2007 and June 2015 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 October 2007 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the June 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 1 DERWENT CLOSE be worth now?

1 DERWENT CLOSE might now be worth an estimated £387,103.

This is based on house price inflation of 37%, between June 2015 and October 2025, for detached houses, in the Westmorland and Furness local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37% inflationary increase is applied to the most recent sale price for 1 DERWENT CLOSE of £282,500 on 2nd June 2015. For the value to have increased from £282,500 to £387,103 over the nine years and eight months to October 2025, the following assumptions must hold true:

• The value of 1 DERWENT CLOSE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The June 2015 sale price of £282,500 represented a fair market value for the property.
• The size, condition, and specification of 1 DERWENT CLOSE has not materially changed since June 2015.

How Large is 1 DERWENT CLOSE?

1 DERWENT CLOSE is 195m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 10% of detached houses houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penrith, and where 1 DERWENT CLOSE lies on this distribution: 93% of detached houses houses are smaller than 1 DERWENT CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Penrith.

1 DERWENT CLOSE: Plot and Title Map

1 DERWENT CLOSE sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 1 DERWENT CLOSE, 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 DERWENT CLOSE). 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 DERWENT CLOSE?

1 DERWENT CLOSE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 1 on DERWENT CLOSE.