10, CHESTNUT WAY, MILNTHORPE, LA7 7RB - £307,500

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.

10 CHESTNUT WAY is a small detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £424,479. It was last sold for £307,500 in March 2016, which was around 6% above the average March 2016 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was D.

10 CHESTNUT WAY Sold Prices

Land registry data shows four sales for 10 CHESTNUT WAY 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 10 CHESTNUT WAY 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
2016 30 MAR	£307,500	£289,632	6% above HPI
2012 8 OCT	£300,000	£265,433	13% above HPI
2006 22 MAR	£268,500	£251,109	7% above HPI
2000 27 OCT	£122,000	£117,620	4% above HPI

10 CHESTNUT WAY 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 10 CHESTNUT WAY sales between October 2000 and March 2016 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 2012 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2016 sale, where it falls to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 10 CHESTNUT WAY be worth now?

10 CHESTNUT WAY might now be worth an estimated £424,479.

This is based on house price inflation of 38%, between March 2016 and March 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 38% inflationary increase is applied to the most recent sale price for 10 CHESTNUT WAY of £307,500 on 30th March 2016. For the value to have increased from £307,500 to £424,479 over the nine years to March 2025, the following assumptions must hold true:

• The value of 10 CHESTNUT WAY has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2016 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of 10 CHESTNUT WAY has not materially changed since March 2016.

How Large is 10 CHESTNUT WAY?

10 CHESTNUT WAY is 103m² according to the EPC inspection conducted in March 2010. This puts it in the smallest 40% of detached houses houses in Milnthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Milnthorpe, and where 10 CHESTNUT WAY lies on this distribution: 37% of detached houses houses are smaller than 10 CHESTNUT WAY, and 63% of houses are larger. Note that EPC data is not available for all properties in Milnthorpe.

10 CHESTNUT WAY: Plot and Title Map

10 CHESTNUT WAY sits on a plot of roughly 0.072 of an acre, or 292m². The below map shows the location of 10 CHESTNUT WAY, 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 10 CHESTNUT WAY). 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 10 CHESTNUT WAY?

10 CHESTNUT WAY is located in MILNTHORPE, in the LA7 postcode district. The below map shows the position of No. 10 on CHESTNUT WAY.