BANKFOLD, BECKERMET, CA21 2YF - £425,000

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.

BANKFOLD is a very small detached house of 79m², built sometime between 1983 and 1990, which could now be worth an estimated £470,681. It was last sold for £425,000 in July 2023, which was around 64% above the average July 2023 detached price in the Cumberland local authority area. The most recent EPC inspection was October 2019, where the current energy rating was D, and the potential energy rating was C.

BANKFOLD Sold Prices

Land registry data shows two sales for BANKFOLD 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. One of the two BANKFOLD 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
2023 3 JUL	£425,000	£258,882	64% above HPI
2020 7 FEB	£160,000	£215,880	26% below HPI

BANKFOLD 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 BANKFOLD sales from February 2020 and July 2023 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 February 2020 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2023 sale, where it rises to 64% above the HPI. The line then continues to track at 64% above the HPI.

What might BANKFOLD be worth now?

BANKFOLD might now be worth an estimated £470,681.

This is based on house price inflation of 10.7%, between July 2023 and April 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 10.7% inflationary increase is applied to the most recent sale price for BANKFOLD of £425,000 on 3rd July 2023. For the value to have increased from £425,000 to £470,681 over the three years and three months to April 2026, the following assumptions must hold true:

• The value of BANKFOLD has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The July 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of BANKFOLD has not materially changed since July 2023.

How Large is BANKFOLD?

BANKFOLD is 79m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses houses in Beckermet, based on EPC data. The below chart shows the distribution of detached houses houses by size in Beckermet, and where BANKFOLD lies on this distribution: 10% of detached houses houses are smaller than BANKFOLD, and 90% of houses are larger. Note that EPC data is not available for all properties in Beckermet.

BANKFOLD: Plot and Title Map

BANKFOLD sits on a plot of roughly 0.163 of an acre, or 659m². The below map shows the location of BANKFOLD, 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 BANKFOLD). 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 BANKFOLD?

BANKFOLD is located in BECKERMET, in the CA21 postcode district. The below map shows the position of BANKFOLD in BECKERMET.