13, CHESTNUT CLOSE, CULGAITH, PENRITH, CA10 1QX - £197,500

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.

13 CHESTNUT CLOSE is a very small extended semi-detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £310,223. It was last sold for £197,500 in March 2012, which was around 25% above the average March 2012 semi-detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2010, where the current energy rating was D, and the potential energy rating was C.

13 CHESTNUT CLOSE Sold Prices

Land registry data shows two sales for 13 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Westmorland and Furness local authority area for the corresponding sale date. Both of the two 13 CHESTNUT CLOSE 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
2012 16 MAR	£197,500	£157,434	25% above HPI
2002 12 JUN	£121,950	£83,336	46% above HPI

13 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The two 13 CHESTNUT CLOSE sales from June 2002 and March 2012 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 June 2002 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the March 2012 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 13 CHESTNUT CLOSE be worth now?

13 CHESTNUT CLOSE might now be worth an estimated £310,223.

This is based on house price inflation of 57.1%, between March 2012 and May 2026, for semi-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 57.1% inflationary increase is applied to the most recent sale price for 13 CHESTNUT CLOSE of £197,500 on 16th March 2012. For the value to have increased from £197,500 to £310,223 over the thirteen years and ten months to May 2026, the following assumptions must hold true:

• The value of 13 CHESTNUT CLOSE has moved in line with the HPI for semi-detached houses in the Westmorland and Furness local authority area.
• The March 2012 sale price of £197,500 represented a fair market value for the property.
• The size, condition, and specification of 13 CHESTNUT CLOSE has not materially changed since March 2012.

How Large is 13 CHESTNUT CLOSE?

13 CHESTNUT CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of semi-detached houses houses in Culgaith, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Culgaith, and where 13 CHESTNUT CLOSE lies on this distribution: 16% of semi-detached houses houses are smaller than 13 CHESTNUT CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Culgaith.

Where is 13 CHESTNUT CLOSE?

13 CHESTNUT CLOSE is located in CULGAITH, in the CA10 postcode district. The below map shows the position of No. 13 on CHESTNUT CLOSE.