1, IRIS GROVE, PENRITH, CA11 8FF - £399,999

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 IRIS GROVE is a very large detached house of 183m², built in 2017, which could now be worth an estimated £419,388. It was last sold for £399,999 in May 2022, which was around 11% above the average May 2022 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was November 2019, where the current energy rating was B, and the potential energy rating was A.

1 IRIS GROVE Sold Prices

Land registry data shows two sales for 1 IRIS GROVE 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. Both of the two 1 IRIS GROVE 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
2022 6 MAY	£399,999	£361,371	11% above HPI
2020 9 JAN	£349,995	£316,079	11% above HPI

1 IRIS GROVE 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 IRIS GROVE sales from January 2020 and May 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 January 2020 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the May 2022 sale, which was also at 11% above the HPI.

What might 1 IRIS GROVE be worth now?

1 IRIS GROVE might now be worth an estimated £419,388.

This is based on house price inflation of 4.8%, between May 2022 and April 2026, 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 4.8% inflationary increase is applied to the most recent sale price for 1 IRIS GROVE of £399,999 on 6th May 2022. For the value to have increased from £399,999 to £419,388 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 1 IRIS GROVE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The May 2022 sale price of £399,999 represented a fair market value for the property.
• The size, condition, and specification of 1 IRIS GROVE has not materially changed since May 2022.

How Large is 1 IRIS GROVE?

1 IRIS GROVE is 183m² according to the EPC inspection conducted in November 2019. 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 IRIS GROVE lies on this distribution: 90% of detached houses houses are smaller than 1 IRIS GROVE, and 9% of houses are larger. Note that EPC data is not available for all properties in Penrith.

1 IRIS GROVE: Plot and Title Map

1 IRIS GROVE sits on a plot of roughly 1,115.3 acres, or 4,513,433m². The below map shows the location of 1 IRIS GROVE, 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 IRIS GROVE). 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 IRIS GROVE?

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