11, RAILBANK DRIVE, WORKINGTON, CA14 5DD - £175,000

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

11 RAILBANK DRIVE is a very small extended detached house of 79m², built sometime between 2007 and 2011. It was last sold for £175,000 in January 2024, which was around 35% below the average January 2024 detached price in the Cumberland local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

11 RAILBANK DRIVE Sold Prices

Land registry data shows three sales for 11 RAILBANK DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the three 11 RAILBANK DRIVE 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
2024 31 JAN	£175,000	£268,571	35% below HPI
2021 11 MAY	£156,000	£232,109	33% below HPI
2012 28 NOV	£153,995	£192,392	20% below HPI

11 RAILBANK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The three 11 RAILBANK DRIVE sales between November 2012 and January 2024 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 2021 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2024 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 11 RAILBANK DRIVE?

11 RAILBANK DRIVE is 79m², which includes two extensions, according to the EPC inspection conducted in November 2023. This puts it in the smallest 20% of detached houses in Workington, based on EPC data. The below chart shows the distribution of detached houses by size in Workington, and where 11 RAILBANK DRIVE lies on this distribution: 10% of detached houses are smaller than 11 RAILBANK DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Workington.

11 RAILBANK DRIVE: Plot and Title Map

11 RAILBANK DRIVE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of 11 RAILBANK DRIVE, 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 11 RAILBANK DRIVE). 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 11 RAILBANK DRIVE?

11 RAILBANK DRIVE is located in WORKINGTON, in the CA14 postcode district. The below map shows the position of No. 11 on RAILBANK DRIVE.