2, OAK TREE CLOSE, SHAP, PENRITH, CA10 3PR - £225,000

2 OAK TREE CLOSE is a small detached house of 100m², built sometime between 1950 and 1966. It was last sold for £225,000 in February 2019, which was around 26% below the average February 2019 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2013, where the current energy rating was E, and the potential energy rating was B.

2 OAK TREE CLOSE Sold Prices

Land registry data shows three sales for 2 OAK TREE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. Two of the three 2 OAK TREE CLOSE sales were for below the average price, whilst one was 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
2019 15 FEB	£225,000	£305,293	26% below HPI
2005 22 SEP	£245,000	£243,771	1% above HPI
2003 17 FEB	£139,775	£158,298	12% below HPI

2 OAK TREE CLOSE 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 three 2 OAK TREE CLOSE sales between February 2003 and February 2019 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 September 2005 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2019 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 2 OAK TREE CLOSE?

2 OAK TREE CLOSE is 100m² according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% of detached houses in Shap, based on EPC data. The below chart shows the distribution of detached houses by size in Shap, and where 2 OAK TREE CLOSE lies on this distribution: 33% of detached houses are smaller than 2 OAK TREE CLOSE, and 63% of houses are larger. Note that EPC data is not available for all properties in Shap.

2 OAK TREE CLOSE: Plot and Title Map

2 OAK TREE CLOSE sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of 2 OAK TREE CLOSE, 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 2 OAK TREE CLOSE). 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 2 OAK TREE CLOSE?

2 OAK TREE CLOSE is located in SHAP, in the CA10 postcode district. The below map shows the position of No. 2 on OAK TREE CLOSE.