7, BANK ROAD, WORKINGTON, CA14 3YN - £165,000

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.

7 BANK ROAD is a large extended terraced house of 126m², built sometime between 1900 and 1929, which could now be worth an estimated £175,522. It was last sold for £165,000 in July 2022, which was around 29% above the average July 2022 terraced price in the Cumberland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was E, and the potential energy rating was C.

7 BANK ROAD Sold Prices

Land registry data shows two sales for 7 BANK ROAD 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. One of the two 7 BANK ROAD sales was for above the average price, whilst the other was 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
2022 4 JUL	£165,000	£127,697	29% above HPI
2020 10 JAN	£90,000	£103,237	13% below HPI

7 BANK ROAD 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 7 BANK ROAD sales from January 2020 and July 2022 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 January 2020 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2022 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 7 BANK ROAD be worth now?

7 BANK ROAD might now be worth an estimated £175,522.

This is based on house price inflation of 6.4%, between July 2022 and July 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 6.4% inflationary increase is applied to the most recent sale price for 7 BANK ROAD of £165,000 on 4th July 2022. For the value to have increased from £165,000 to £175,522 over the three years to July 2025, the following assumptions must hold true:

• The value of 7 BANK ROAD has moved in line with the HPI for terraced houses in the Cumberland local authority area.
• The July 2022 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 7 BANK ROAD has not materially changed since July 2022.

How Large is 7 BANK ROAD?

7 BANK ROAD is 126m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 30% 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 7 BANK ROAD lies on this distribution: 75% of terraced houses houses are smaller than 7 BANK ROAD, and 24% of houses are larger. Note that EPC data is not available for all properties in Workington.

7 BANK ROAD: Plot and Title Map

7 BANK ROAD sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 7 BANK ROAD, 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 7 BANK ROAD). 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 7 BANK ROAD?

7 BANK ROAD is located in WORKINGTON, in the CA14 postcode district. The below map shows the position of No. 7 on BANK ROAD.