12, LABURNUM WAY, PENRITH, CA11 8UJ - £180,000

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

12 LABURNUM WAY is a very small detached house of 70m², built sometime between 1976 and 1982. It was last sold for £180,000 in February 2012, which was around 28% below the average February 2012 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was June 2011, where the current energy rating was C, and the potential energy rating was C.

12 LABURNUM WAY Sold Prices

Land registry data shows two sales for 12 LABURNUM WAY 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 12 LABURNUM WAY 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
2012 24 FEB	£180,000	£248,512	28% below HPI
1997 11 AUG	£74,750	£91,214	18% below HPI

12 LABURNUM WAY 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 12 LABURNUM WAY sales from August 1997 and February 2012 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 August 1997 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2012 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 12 LABURNUM WAY be worth now?

12 LABURNUM WAY might now be worth an estimated £291,279.

This is based on house price inflation of 61.8%, between February 2012 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 61.8% inflationary increase is applied to the most recent sale price for 12 LABURNUM WAY of £180,000 on 24th February 2012. For the value to have increased from £180,000 to £291,279 over the eleven years and two months to December 2024, the following assumptions must hold true:

• The value of 12 LABURNUM WAY has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The February 2012 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 12 LABURNUM WAY has not materially changed since February 2012.

How Large is 12 LABURNUM WAY?

12 LABURNUM WAY is 70m² according to the EPC inspection conducted in June 2011. 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 12 LABURNUM WAY lies on this distribution: 6% of detached houses houses are smaller than 12 LABURNUM WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Penrith.

12 LABURNUM WAY: Plot and Title Map

12 LABURNUM WAY sits on a plot of roughly 0.080 of an acre, or 323m². The below map shows the location of 12 LABURNUM WAY, 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 12 LABURNUM WAY). 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 12 LABURNUM WAY?

12 LABURNUM WAY is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 12 on LABURNUM WAY.