TORMAY, GREAT SALKELD, PENRITH, CA11 9NA - £425,000

TORMAY is a small extended detached house of 130m², built sometime between 1967 and 1975. It was last sold for £425,000 in December 2021, which was around 26% above the average December 2021 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2021, where the current energy rating was E, and the potential energy rating was C.

TORMAY Sold Prices

Land registry data shows two sales for TORMAY 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. One of the two TORMAY 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
2021 17 DEC	£425,000	£338,175	26% above HPI
2020 9 OCT	£185,000	£333,842	45% below HPI

TORMAY 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 TORMAY sales from October 2020 and December 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 2020 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the December 2021 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is TORMAY?

TORMAY is 130m², which includes four extensions, according to the EPC inspection conducted in September 2021. This puts it in the smallest 30% of detached houses in Great Salkeld, based on EPC data. The below chart shows the distribution of detached houses by size in Great Salkeld, and where TORMAY lies on this distribution: 27% of detached houses are smaller than TORMAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Great Salkeld.

TORMAY: Plot and Title Map

TORMAY sits on a plot of roughly 92.9 acres, or 375,897m². The below map shows the location of TORMAY, 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 TORMAY). 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 TORMAY?

TORMAY is located in GREAT SALKELD, in the CA11 postcode district. The below map shows the position of TORMAY in GREAT SALKELD.