SPRING BANK, BOTHEL, WIGTON, CA7 2JG - £191,000

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.

SPRING BANK is a very small extended detached house of 102m², built sometime between 2003 and 2006, which could now be worth an estimated £239,910. It was last sold for £191,000 in December 2017, which was around 12% below the average December 2017 detached price in the Cumberland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

SPRING BANK Sold Prices

Land registry data shows two sales for SPRING 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 SPRING BANK sales were 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
2017 13 DEC	£191,000	£218,217	12% below HPI
2007 9 MAR	£194,500	£200,387	3% below HPI

SPRING 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 SPRING BANK sales from March 2007 and December 2017 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 March 2007 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the December 2017 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might SPRING BANK be worth now?

SPRING BANK might now be worth an estimated £239,910.

This is based on house price inflation of 25.6%, between December 2017 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 25.6% inflationary increase is applied to the most recent sale price for SPRING BANK of £191,000 on 13th December 2017. For the value to have increased from £191,000 to £239,910 over the eight years and six months to June 2025, the following assumptions must hold true:

• The value of SPRING BANK has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The December 2017 sale price of £191,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING BANK has not materially changed since December 2017.

How Large is SPRING BANK?

SPRING BANK is 102m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 20% of detached houses houses in Bothel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bothel, and where SPRING BANK lies on this distribution: 10% of detached houses houses are smaller than SPRING BANK, and 90% of houses are larger. Note that EPC data is not available for all properties in Bothel.

SPRING BANK: Plot and Title Map

SPRING BANK sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of SPRING 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 SPRING 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 SPRING BANK?

SPRING BANK is located in BOTHEL, in the CA7 postcode district. The below map shows the position of SPRING BANK in BOTHEL.