18, BALMORAL CLOSE, PENRITH, CA11 9BJ - £290,000

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

18 BALMORAL CLOSE is a small extended detached house of 90m², built sometime between 1996 and 2002. It was last sold for £290,000 in July 2024, which was around 22% below the average July 2024 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was April 2019, where the current energy rating was C, and the potential energy rating was B.

18 BALMORAL CLOSE Sold Prices

Land registry data shows four sales for 18 BALMORAL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. All of the four 18 BALMORAL 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
2024 19 JUL	£290,000	£371,106	22% below HPI
2019 24 MAY	£235,000	£315,351	25% below HPI
2002 4 APR	£116,500	£141,406	18% below HPI
2000 28 JUL	£89,995	£111,633	19% below HPI

18 BALMORAL 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 four 18 BALMORAL CLOSE sales between July 2000 and July 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 2019 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2024 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 18 BALMORAL CLOSE be worth now?

18 BALMORAL CLOSE might now be worth an estimated £314,256.

This is based on house price inflation of 8.4%, between July 2024 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 8.4% inflationary increase is applied to the most recent sale price for 18 BALMORAL CLOSE of £290,000 on 19th July 2024. For the value to have increased from £290,000 to £314,256 over the seven months to December 2024, the following assumptions must hold true:

• The value of 18 BALMORAL CLOSE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The July 2024 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 18 BALMORAL CLOSE has not materially changed since July 2024.

How Large is 18 BALMORAL CLOSE?

18 BALMORAL CLOSE is 90m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 30% 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 18 BALMORAL CLOSE lies on this distribution: 21% of detached houses houses are smaller than 18 BALMORAL CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Penrith.

18 BALMORAL CLOSE: Plot and Title Map

18 BALMORAL CLOSE sits on a plot of roughly 0.108 of an acre, or 438m². The below map shows the location of 18 BALMORAL 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 18 BALMORAL 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 18 BALMORAL CLOSE?

18 BALMORAL CLOSE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 18 on BALMORAL CLOSE.