3, IRIS GROVE, PENRITH, CA11 8FF - £350,000

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.

3 IRIS GROVE is a midsized detached house of 126m², built in 2017, which could now be worth an estimated £358,294. It was last sold for £350,000 in March 2024, which was around 5% below the average March 2024 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2019, where the current energy rating was B, and the potential energy rating was A.

3 IRIS GROVE Sold Prices

Land registry data shows two sales for 3 IRIS GROVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. Both of the two 3 IRIS GROVE 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
2024 4 MAR	£350,000	£370,117	5% below HPI
2019 10 JUN	£279,995	£319,867	12% below HPI

3 IRIS GROVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The two 3 IRIS GROVE sales from June 2019 and March 2024 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 June 2019 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the March 2024 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 3 IRIS GROVE be worth now?

3 IRIS GROVE might now be worth an estimated £358,294.

This is based on house price inflation of 2.4%, between March 2024 and April 2026, for detached 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 2.4% inflationary increase is applied to the most recent sale price for 3 IRIS GROVE of £350,000 on 4th March 2024. For the value to have increased from £350,000 to £358,294 over the one year and eleven months to April 2026, the following assumptions must hold true:

• The value of 3 IRIS GROVE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The March 2024 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 3 IRIS GROVE has not materially changed since March 2024.

How Large is 3 IRIS GROVE?

3 IRIS GROVE is 126m² according to the EPC inspection conducted in May 2019. This puts it in the largest 50% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where 3 IRIS GROVE lies on this distribution: 54% of detached houses are smaller than 3 IRIS GROVE, and 45% of detached houses are larger. Note that EPC data is not available for all properties in Penrith.

3 IRIS GROVE: Plot

3 IRIS GROVE sits on a plot of roughly 1,115.3 acres, or 4,513,433m².

Where is 3 IRIS GROVE?

3 IRIS GROVE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 3 on IRIS GROVE.