40, RAILBANK DRIVE, WORKINGTON, CA14 5DD - £122,500

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.

40 RAILBANK DRIVE is a small terraced house of 97m², which could now be worth an estimated £156,778. It was last sold for £122,500 in November 2018, which was around 17% above the average November 2018 terraced price in the Cumberland local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was A.

40 RAILBANK DRIVE Sold Prices

Land registry data shows two sales for 40 RAILBANK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Cumberland local authority area for the corresponding sale date. Both of the two 40 RAILBANK DRIVE 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
2018 2 NOV	£122,500	£104,581	17% above HPI
2015 30 OCT	£137,735	£98,782	39% above HPI

40 RAILBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Cumberland local authority area over time, sourced from the HPI. The two 40 RAILBANK DRIVE sales from October 2015 and November 2018 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 2015 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the November 2018 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might 40 RAILBANK DRIVE be worth now?

40 RAILBANK DRIVE might now be worth an estimated £156,778.

This is based on house price inflation of 28%, between November 2018 and June 2025, for terraced 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 28% inflationary increase is applied to the most recent sale price for 40 RAILBANK DRIVE of £122,500 on 2nd November 2018. For the value to have increased from £122,500 to £156,778 over the seven years and five months to June 2025, the following assumptions must hold true:

• The value of 40 RAILBANK DRIVE has moved in line with the HPI for terraced houses in the Cumberland local authority area.
• The November 2018 sale price of £122,500 represented a fair market value for the property.
• The size, condition, and specification of 40 RAILBANK DRIVE has not materially changed since November 2018.

How Large is 40 RAILBANK DRIVE?

40 RAILBANK DRIVE is 97m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of terraced houses houses in Workington, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Workington, and where 40 RAILBANK DRIVE lies on this distribution: 36% of terraced houses houses are smaller than 40 RAILBANK DRIVE, and 63% of houses are larger. Note that EPC data is not available for all properties in Workington.

40 RAILBANK DRIVE: Plot and Title Map

40 RAILBANK DRIVE sits on a plot of roughly 0.032 of an acre, or 131m². The below map shows the location of 40 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 40 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 40 RAILBANK DRIVE?

40 RAILBANK DRIVE is located in WORKINGTON, in the CA14 postcode district. The below map shows the position of No. 40 on RAILBANK DRIVE.