10, MONKS CLOSE, PENRITH, CA11 9JG - £130,000

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

10 MONKS CLOSE is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £130,000 in October 2002, which was around 16% below the average October 2002 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was B.

10 MONKS CLOSE Sold Prices

Land registry data shows two sales for 10 MONKS CLOSE 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 10 MONKS CLOSE 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
2002 28 OCT	£130,000	£154,848	16% below HPI
1995 22 SEP	£69,500	£85,296	19% below HPI

10 MONKS 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 two 10 MONKS CLOSE sales from September 1995 and October 2002 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 1995 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the October 2002 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 10 MONKS CLOSE be worth now?

10 MONKS CLOSE might now be worth an estimated £337,615.

This is based on house price inflation of 159.7%, between October 2002 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 159.7% inflationary increase is applied to the most recent sale price for 10 MONKS CLOSE of £130,000 on 28th October 2002. For the value to have increased from £130,000 to £337,615 over the 21 years and ten months to December 2024, the following assumptions must hold true:

• The value of 10 MONKS CLOSE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The October 2002 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 10 MONKS CLOSE has not materially changed since October 2002.

How Large is 10 MONKS CLOSE?

10 MONKS CLOSE is 77m² according to the EPC inspection conducted in December 2013. This puts it in the smallest 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 10 MONKS CLOSE lies on this distribution: 10% of detached houses houses are smaller than 10 MONKS CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Penrith.

10 MONKS CLOSE: Plot and Title Map

10 MONKS CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 10 MONKS 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 10 MONKS 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 10 MONKS CLOSE?

10 MONKS CLOSE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 10 on MONKS CLOSE.