18, MACADAM GARDENS, PENRITH, CA11 9HS - £122,500

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

18 MACADAM GARDENS is a small extended detached house of 100m², built sometime between 1991 and 1995. It was last sold for £122,500 in July 2002, which was around 15% below the average July 2002 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

18 MACADAM GARDENS Sold Prices

Land registry data shows three sales for 18 MACADAM GARDENS 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. Two of the three 18 MACADAM GARDENS sales were for below the average price, whilst one was 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
2002 5 JUL	£122,500	£144,341	15% below HPI
1998 15 OCT	£89,500	£93,208	4% below HPI
1995 26 MAY	£92,950	£80,006	16% above HPI

18 MACADAM GARDENS 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 18 MACADAM GARDENS sales between May 1995 and July 2002 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 October 1998 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2002 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 18 MACADAM GARDENS?

18 MACADAM GARDENS is 100m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 40% of detached houses in Penrith, based on EPC data. The below chart shows the distribution of detached houses by size in Penrith, and where 18 MACADAM GARDENS lies on this distribution: 33% of detached houses are smaller than 18 MACADAM GARDENS, and 65% of houses are larger. Note that EPC data is not available for all properties in Penrith.

18 MACADAM GARDENS: Plot and Title Map

18 MACADAM GARDENS sits on a plot of roughly 0.073 of an acre, or 297m². The below map shows the location of 18 MACADAM GARDENS, 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 MACADAM GARDENS). 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 MACADAM GARDENS?

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