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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 78% 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	£303,870	78% above HPI
2005 12 MAY	£475,000	£238,186	99% 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 99% above the HPI. So the extrapolation line tracks at 99% above the HPI over time, until the November 2017 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might 1 CHANCERY LANE be worth now?

1 CHANCERY LANE might now be worth an estimated £714,644.

This is based on house price inflation of 32.3%, between November 2017 and December 2024, 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 32.3% inflationary increase is applied to the most recent sale price for 1 CHANCERY LANE of £540,000 on 13th November 2017. For the value to have increased from £540,000 to £714,644 over the six years and eleven months to December 2024, the following assumptions must hold true:

• The value of 1 CHANCERY LANE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The November 2017 sale price of £540,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHANCERY LANE has not materially changed since November 2017.

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 houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses houses by size in Penrith, and where 1 CHANCERY LANE lies on this distribution: 99% of detached houses 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.