CHESTNUT BANK, GHYLL ROAD, SCOTBY, CARLISLE, CA4 8BT - £307,500

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.

CHESTNUT BANK is a midsized extended detached house of 138m², built sometime between 1950 and 1966, which could now be worth an estimated £355,187. It was last sold for £307,500 in July 2021, which was around 30% above the average July 2021 detached price in the Cumberland local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was D.

CHESTNUT BANK Sold Prices

Land registry data shows two sales for CHESTNUT BANK 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 CHESTNUT BANK 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
2021 23 JUL	£307,500	£237,297	30% above HPI
1998 30 OCT	£93,250	£77,665	20% above HPI

CHESTNUT BANK 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 CHESTNUT BANK sales from October 1998 and July 2021 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 1998 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2021 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

What might CHESTNUT BANK be worth now?

CHESTNUT BANK might now be worth an estimated £355,187.

This is based on house price inflation of 15.5%, between July 2021 and June 2025, 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 15.5% inflationary increase is applied to the most recent sale price for CHESTNUT BANK of £307,500 on 23rd July 2021. For the value to have increased from £307,500 to £355,187 over the four years and one month to June 2025, the following assumptions must hold true:

• The value of CHESTNUT BANK has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The July 2021 sale price of £307,500 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT BANK has not materially changed since July 2021.

How Large is CHESTNUT BANK?

CHESTNUT BANK is 138m², which includes four extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses houses in Scotby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scotby, and where CHESTNUT BANK lies on this distribution: 50% of detached houses houses are smaller than CHESTNUT BANK, and 50% of houses are larger. Note that EPC data is not available for all properties in Scotby.

CHESTNUT BANK: Plot and Title Map

CHESTNUT BANK sits on a plot of roughly 1.3 acres, or 5,302m². The below map shows the location of CHESTNUT BANK, 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 CHESTNUT BANK). 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 CHESTNUT BANK?

CHESTNUT BANK is located on GHYLL ROAD in SCOTBY, in the CA4 postcode district. The below map shows the position of CHESTNUT BANK on GHYLL ROAD.