18, GREEN BANK CLOSE, PROSPECT, WIGTON, CA7 2LL - £325,000

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.

18 GREEN BANK CLOSE is a midsized detached house of 142m², built sometime between 1996 and 2002, which could now be worth an estimated £443,344. It was last sold for £325,000 in December 2007, which was around 53% above the average December 2007 detached price in the Cumberland local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was D.

18 GREEN BANK CLOSE Sold Prices

Land registry data shows two sales for 18 GREEN BANK CLOSE 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 18 GREEN BANK 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
2007 6 DEC	£325,000	£211,882	53% above HPI
2000 31 MAR	£130,000	£79,825	63% above HPI

18 GREEN BANK CLOSE 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 18 GREEN BANK CLOSE sales from March 2000 and December 2007 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 March 2000 sale was for 63% above the HPI. So the extrapolation line tracks at 63% above the HPI over time, until the December 2007 sale, where it falls to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might 18 GREEN BANK CLOSE be worth now?

18 GREEN BANK CLOSE might now be worth an estimated £443,344.

This is based on house price inflation of 36.4%, between December 2007 and May 2026, 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 36.4% inflationary increase is applied to the most recent sale price for 18 GREEN BANK CLOSE of £325,000 on 6th December 2007. For the value to have increased from £325,000 to £443,344 over the nineteen years and seven months to May 2026, the following assumptions must hold true:

• The value of 18 GREEN BANK CLOSE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The December 2007 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 18 GREEN BANK CLOSE has not materially changed since December 2007.

How Large is 18 GREEN BANK CLOSE?

18 GREEN BANK CLOSE is 142m² according to the EPC inspection conducted in November 2016. This puts it in the largest 50% of detached houses houses in Prospect, based on EPC data. The below chart shows the distribution of detached houses houses by size in Prospect, and where 18 GREEN BANK CLOSE lies on this distribution: 54% of detached houses houses are smaller than 18 GREEN BANK CLOSE, and 46% of houses are larger. Note that EPC data is not available for all properties in Prospect.

18 GREEN BANK CLOSE: Plot and Title Map

18 GREEN BANK CLOSE sits on a plot of roughly 52.0 acres, or 210,259m². The below map shows the location of 18 GREEN BANK CLOSE, 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 18 GREEN BANK CLOSE). 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 18 GREEN BANK CLOSE?

18 GREEN BANK CLOSE is located in PROSPECT, in the CA7 postcode district. The below map shows the position of No. 18 on GREEN BANK CLOSE.