1, CHAPEL CLOSE, STORTH, MILNTHORPE, LA7 7BU - £2,500

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 CHAPEL CLOSE is a very small property of 74m², built sometime before 1900. It was last sold for £2,500 in May 2022, which was around 99% below the average May 2022 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was B.

1 CHAPEL CLOSE Sold Prices

Land registry data shows four sales for 1 CHAPEL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. Most of the four 1 CHAPEL CLOSE 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
2022 10 MAY	£2,500	£355,253	99% below HPI
2021 22 MAR	£340,000	£333,123	2% above HPI
2010 20 OCT	£315,000	£262,275	20% above HPI
1999 30 MAR	£119,550	£94,103	27% above HPI

1 CHAPEL 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 four 1 CHAPEL CLOSE sales between March 1999 and May 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 March 2021 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the May 2022 sale, where it falls to 99% below the HPI. The line then continues to track at 99% below the HPI.

How Large is 1 CHAPEL CLOSE?

1 CHAPEL CLOSE is 74m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 20% of detached houses in Storth, based on EPC data. The below chart shows the distribution of detached houses by size in Storth, and where 1 CHAPEL CLOSE lies on this distribution: 13% of detached houses are smaller than 1 CHAPEL CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Storth.

1 CHAPEL CLOSE: Plot and Title Map

1 CHAPEL CLOSE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of 1 CHAPEL 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 1 CHAPEL 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 1 CHAPEL CLOSE?

1 CHAPEL CLOSE is located in STORTH, in the LA7 postcode district. The below map shows the position of No. 1 on CHAPEL CLOSE.