15, CHESTNUT WAY, MILNTHORPE, LA7 7RB - £360,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

15 CHESTNUT WAY is a large detached house of 117m², built sometime between 1996 and 2002. It was last sold for £360,000 in November 2023, which was around 3% below the average November 2023 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

15 CHESTNUT WAY Sold Prices

Land registry data shows three sales for 15 CHESTNUT WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. One of the three 15 CHESTNUT WAY sales was for below the average price, whilst two 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
2023 24 NOV	£360,000	£372,784	3% below HPI
2002 23 MAY	£185,000	£142,424	30% above HPI
2000 20 OCT	£140,000	£115,629	21% above HPI

15 CHESTNUT 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 three 15 CHESTNUT WAY sales between October 2000 and November 2023 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 2002 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the November 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 15 CHESTNUT WAY?

15 CHESTNUT WAY is 117m² according to the EPC inspection conducted in May 2023. This puts it in the largest 40% of detached houses in Milnthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Milnthorpe, and where 15 CHESTNUT WAY lies on this distribution: 61% of detached houses are smaller than 15 CHESTNUT WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Milnthorpe.

15 CHESTNUT WAY: Plot and Title Map

15 CHESTNUT WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 15 CHESTNUT 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 15 CHESTNUT 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 15 CHESTNUT WAY?

15 CHESTNUT WAY is located in MILNTHORPE, in the LA7 postcode district. The below map shows the position of No. 15 on CHESTNUT WAY.