12, THE AVENUE, GILGARRAN, WORKINGTON, CA14 4RD - £392,500

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

12 THE AVENUE is a very large extended detached house of 266m², built sometime between 1976 and 1982. It was last sold for £392,500 in July 2022, which was around 51% above the average July 2022 detached price in the Cumberland local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

12 THE AVENUE Sold Prices

Land registry data shows four sales for 12 THE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the four 12 THE AVENUE 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 8 JUL	£392,500	£259,512	51% above HPI
2016 29 APR	£345,000	£209,511	65% above HPI
2004 17 DEC	£255,000	£169,303	51% above HPI
1999 1 APR	£147,500	£75,155	96% above HPI

12 THE AVENUE 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 four 12 THE AVENUE sales between April 1999 and July 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 April 2016 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the July 2022 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is 12 THE AVENUE?

12 THE AVENUE is 266m², which includes four extensions, according to the EPC inspection conducted in February 2022. This puts it in the largest 10% of detached houses in Gilgarran, based on EPC data. The below chart shows the distribution of detached houses by size in Gilgarran, and where 12 THE AVENUE lies on this distribution: 95% of detached houses are smaller than 12 THE AVENUE, and 5% of houses are larger. Note that EPC data is not available for all properties in Gilgarran.

12 THE AVENUE: Plot and Title Map

12 THE AVENUE sits on a plot of roughly 0.435 of an acre, or 1,761m². The below map shows the location of 12 THE AVENUE, 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 THE AVENUE). 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 THE AVENUE?

12 THE AVENUE is located in GILGARRAN, in the CA14 postcode district. The below map shows the position of No. 12 on THE AVENUE.