2, BANK EDGE, LANGWATHBY, PENRITH, CA10 1LY - £400,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 BANK EDGE is a very large extended detached house of 182m², built sometime between 2003 and 2006, which could now be worth an estimated £529,215. It was last sold for £400,000 in October 2017, which was around 33% above the average October 2017 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

2 BANK EDGE Sold Prices

Land registry data shows three sales for 2 BANK EDGE 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 2 BANK EDGE sales were for above the average price, whilst one was 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
2017 11 OCT	£400,000	£300,977	33% above HPI
2004 13 OCT	£365,000	£227,671	60% above HPI
2003 27 AUG	£120,000	£178,083	33% below HPI

2 BANK EDGE 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 2 BANK EDGE sales between August 2003 and October 2017 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 2004 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the October 2017 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

What might 2 BANK EDGE be worth now?

2 BANK EDGE might now be worth an estimated £529,215.

This is based on house price inflation of 32.3%, between October 2017 and February 2025, 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 32.3% inflationary increase is applied to the most recent sale price for 2 BANK EDGE of £400,000 on 11th October 2017. For the value to have increased from £400,000 to £529,215 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 BANK EDGE has moved in line with the HPI for detached houses in the Westmorland and Furness local authority area.
• The October 2017 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of 2 BANK EDGE has not materially changed since October 2017.

How Large is 2 BANK EDGE?

2 BANK EDGE is 182m², which includes four extensions, according to the EPC inspection conducted in September 2014. This puts it in the largest 20% of detached houses houses in Langwathby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Langwathby, and where 2 BANK EDGE lies on this distribution: 84% of detached houses houses are smaller than 2 BANK EDGE, and 16% of houses are larger. Note that EPC data is not available for all properties in Langwathby.

2 BANK EDGE: Plot and Title Map

2 BANK EDGE sits on a plot of roughly 0.195 of an acre, or 790m². The below map shows the location of 2 BANK EDGE, 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 2 BANK EDGE). 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 2 BANK EDGE?

2 BANK EDGE is located in LANGWATHBY, in the CA10 postcode district. The below map shows the position of No. 2 on BANK EDGE.