1, CHANCERY LANE, PENRITH, CA11 8QX - £540,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CHANCERY LANE is a very large detached house of 298m², built sometime between 2003 and 2006. It was last sold for £540,000 in November 2017, which was around 81% above the average November 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

1 CHANCERY LANE Sold Prices

Land registry data shows two sales for 1 CHANCERY LANE 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 CHANCERY LANE sales were 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
2017 13 NOV	£540,000	£298,726	81% above HPI
2005 12 MAY	£475,000	£234,154	103% above HPI

1 CHANCERY LANE 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 CHANCERY LANE sales from May 2005 and November 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 May 2005 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the November 2017 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is 1 CHANCERY LANE?

1 CHANCERY LANE is 298m² according to the EPC inspection conducted in May 2017. This puts it in the largest 10% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where 1 CHANCERY LANE lies on this distribution: 99% of detached houses are smaller than 1 CHANCERY LANE, and 1% of houses are larger. Note that EPC data is not available for all properties in Penrith.

1 CHANCERY LANE: Plot and Title Map

1 CHANCERY LANE sits on a plot of roughly 0.207 of an acre, or 839m². The below map shows the location of 1 CHANCERY LANE, 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 CHANCERY LANE). 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 CHANCERY LANE?

1 CHANCERY LANE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 1 on CHANCERY LANE.