15, PALMERS LANE, MILLOM, LA18 5EG - £101,000

15 PALMERS LANE is a very small extended semi-detached house of 59m², built sometime between 1967 and 1975. It was last sold for £101,000 in July 2019, which was around 53% below the average July 2019 detached price in the Cumberland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

15 PALMERS LANE Sold Prices

Land registry data shows four sales for 15 PALMERS LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the four 15 PALMERS LANE 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
2019 16 JUL	£101,000	£214,852	53% below HPI
2015 12 MAY	£75,000	£194,384	61% below HPI
2006 29 SEP	£80,000	£200,405	60% below HPI
2001 4 MAY	£46,000	£83,837	45% below HPI

15 PALMERS LANE 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 four 15 PALMERS LANE sales between May 2001 and July 2019 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 May 2015 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the July 2019 sale, where it rises to 53% below the HPI. The line then continues to track at 53% below the HPI.

How Large is 15 PALMERS LANE?

15 PALMERS LANE is 59m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of detached houses in Millom, based on EPC data. The below chart shows the distribution of detached houses by size in Millom, and where 15 PALMERS LANE lies on this distribution: 2% of detached houses are smaller than 15 PALMERS LANE, and 98% of houses are larger. Note that EPC data is not available for all properties in Millom.

15 PALMERS LANE: Plot and Title Map

15 PALMERS LANE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of 15 PALMERS LANE, 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 15 PALMERS LANE). 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 15 PALMERS LANE?

15 PALMERS LANE is located in MILLOM, in the LA18 postcode district. The below map shows the position of No. 15 on PALMERS LANE.