8, THE SQUARE, MILNTHORPE, LA7 7QJ - £142,500

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.

8 THE SQUARE is a very small terraced house of 67m², built sometime before 1900, which could now be worth an estimated £174,087. It was last sold for £142,500 in January 2018, which was around 1% above the average January 2018 terraced price in the Westmorland and Furness local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

8 THE SQUARE Sold Prices

Land registry data shows two sales for 8 THE SQUARE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Westmorland and Furness local authority area for the corresponding sale date. One of the two 8 THE SQUARE 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
2018 18 JAN	£142,500	£140,600	1% above HPI
1995 16 MAY	£36,000	£37,441	4% below HPI

8 THE SQUARE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The two 8 THE SQUARE sales from May 1995 and January 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 May 1995 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the January 2018 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 8 THE SQUARE be worth now?

8 THE SQUARE might now be worth an estimated £174,087.

This is based on house price inflation of 22.2%, between January 2018 and June 2025, for terraced 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 22.2% inflationary increase is applied to the most recent sale price for 8 THE SQUARE of £142,500 on 18th January 2018. For the value to have increased from £142,500 to £174,087 over the six years and seven months to June 2025, the following assumptions must hold true:

• The value of 8 THE SQUARE has moved in line with the HPI for terraced houses in the Westmorland and Furness local authority area.
• The January 2018 sale price of £142,500 represented a fair market value for the property.
• The size, condition, and specification of 8 THE SQUARE has not materially changed since January 2018.

How Large is 8 THE SQUARE?

8 THE SQUARE is 67m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% of terraced houses houses in Milnthorpe, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Milnthorpe, and where 8 THE SQUARE lies on this distribution: 10% of terraced houses houses are smaller than 8 THE SQUARE, and 88% of houses are larger. Note that EPC data is not available for all properties in Milnthorpe.

8 THE SQUARE: Plot and Title Map

8 THE SQUARE sits on a plot of roughly 0.038 of an acre, or 152m². The below map shows the location of 8 THE SQUARE, 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 8 THE SQUARE). 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 8 THE SQUARE?

8 THE SQUARE is located in MILNTHORPE, in the LA7 postcode district. The below map shows the position of No. 8 on THE SQUARE.