1, BANKSIDE, LAZONBY, PENRITH, CA10 1BN - £253,500

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.

1 BANKSIDE is a midsized extended detached house of 130m², built sometime between 2003 and 2006, which could now be worth an estimated £265,131. It was last sold for £253,500 in August 2022, which was around 33% below the average August 2022 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

1 BANKSIDE Sold Prices

Land registry data shows two sales for 1 BANKSIDE 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 1 BANKSIDE 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
2022 26 AUG	£253,500	£380,735	33% below HPI
2011 17 OCT	£173,500	£271,887	36% below HPI

1 BANKSIDE 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 1 BANKSIDE sales from October 2011 and August 2022 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 2011 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2022 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might 1 BANKSIDE be worth now?

1 BANKSIDE might now be worth an estimated £265,131.

This is based on house price inflation of 4.6%, between August 2022 and February 2025, 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 4.6% inflationary increase is applied to the most recent sale price for 1 BANKSIDE of £253,500 on 26th August 2022. For the value to have increased from £253,500 to £265,131 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 1 BANKSIDE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The August 2022 sale price of £253,500 represented a fair market value for the property.
• The size, condition, and specification of 1 BANKSIDE has not materially changed since August 2022.

How Large is 1 BANKSIDE?

1 BANKSIDE is 130m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 50% of detached houses houses in Lazonby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lazonby, and where 1 BANKSIDE lies on this distribution: 42% of detached houses houses are smaller than 1 BANKSIDE, and 57% of houses are larger. Note that EPC data is not available for all properties in Lazonby.

1 BANKSIDE: Plot and Title Map

1 BANKSIDE sits on a plot of roughly 0.047 of an acre, or 189m². The below map shows the location of 1 BANKSIDE, 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 1 BANKSIDE). 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 1 BANKSIDE?

1 BANKSIDE is located in LAZONBY, in the CA10 postcode district. The below map shows the position of No. 1 on BANKSIDE.