2, HAWESWATER CLOSE, PENRITH, CA11 9BU - £200,000

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

2 HAWESWATER CLOSE is a small extended detached house of 98m², built sometime between 1996 and 2002. It was last sold for £200,000 in July 2024, which was around 46% below the average July 2024 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was March 2023, where the current energy rating was D, and the potential energy rating was C.

2 HAWESWATER CLOSE Sold Prices

Land registry data shows two sales for 2 HAWESWATER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Westmorland and Furness local authority area for the corresponding sale date. Both of the two 2 HAWESWATER 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 4 JUL	£200,000	£371,106	46% below HPI
1999 18 JAN	£84,950	£95,473	11% below HPI

2 HAWESWATER 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 two 2 HAWESWATER CLOSE sales from January 1999 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 January 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the July 2024 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

What might 2 HAWESWATER CLOSE be worth now?

2 HAWESWATER CLOSE might now be worth an estimated £216,728.

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 2 HAWESWATER CLOSE of £200,000 on 4th July 2024. For the value to have increased from £200,000 to £216,728 over the seven months to December 2024, the following assumptions must hold true:

• The value of 2 HAWESWATER 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 £200,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HAWESWATER CLOSE has not materially changed since July 2024.

How Large is 2 HAWESWATER CLOSE?

2 HAWESWATER CLOSE is 98m², which includes two extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 40% 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 2 HAWESWATER CLOSE lies on this distribution: 30% of detached houses houses are smaller than 2 HAWESWATER CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Penrith.

2 HAWESWATER CLOSE: Plot and Title Map

2 HAWESWATER CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 2 HAWESWATER 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 2 HAWESWATER 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 2 HAWESWATER CLOSE?

2 HAWESWATER CLOSE is located in PENRITH, in the CA11 postcode district. The below map shows the position of No. 2 on HAWESWATER CLOSE.