1, RAILBANK DRIVE, WORKINGTON, CA14 5DD - £160,000

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.

1 RAILBANK DRIVE is a small detached house of 89m², which could now be worth an estimated £202,891. It was last sold for £160,000 in March 2020, which was around 26% below the average March 2020 detached price in the Cumberland local authority area. The most recent EPC inspection was November 2012, where the current energy rating was C, and the potential energy rating was C.

1 RAILBANK DRIVE Sold Prices

Land registry data shows two sales for 1 RAILBANK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. Both of the two 1 RAILBANK DRIVE 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 31 MAR	£160,000	£216,153	26% below HPI
2012 29 NOV	£169,995	£192,391	12% below HPI

1 RAILBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The two 1 RAILBANK DRIVE sales from November 2012 and March 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 November 2012 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 1 RAILBANK DRIVE be worth now?

1 RAILBANK DRIVE might now be worth an estimated £202,891.

This is based on house price inflation of 26.8%, between March 2020 and June 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.8% inflationary increase is applied to the most recent sale price for 1 RAILBANK DRIVE of £160,000 on 31st March 2020. For the value to have increased from £160,000 to £202,891 over the four years and nine months to June 2025, the following assumptions must hold true:

• The value of 1 RAILBANK DRIVE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The March 2020 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RAILBANK DRIVE has not materially changed since March 2020.

How Large is 1 RAILBANK DRIVE?

1 RAILBANK DRIVE is 89m² according to the EPC inspection conducted in November 2012. This puts it in the smallest 30% of detached houses houses in Workington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Workington, and where 1 RAILBANK DRIVE lies on this distribution: 25% of detached houses houses are smaller than 1 RAILBANK DRIVE, and 72% of houses are larger. Note that EPC data is not available for all properties in Workington.

1 RAILBANK DRIVE: Plot and Title Map

1 RAILBANK DRIVE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 1 RAILBANK DRIVE, 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 RAILBANK DRIVE). 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 RAILBANK DRIVE?

1 RAILBANK DRIVE is located in WORKINGTON, in the CA14 postcode district. The below map shows the position of No. 1 on RAILBANK DRIVE.