2, LOWESWATER CLOSE, COCKERMOUTH, CA13 9LL - £250,000

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 LOWESWATER CLOSE is a midsized extended detached house of 115m², built sometime between 1991 and 1995, which could now be worth an estimated £349,002. It was last sold for £250,000 in November 2014, which was around 25% above the average November 2014 detached price in the Cumberland local authority area. The most recent EPC inspection was July 2009, where the current energy rating was D, and the potential energy rating was C.

2 LOWESWATER CLOSE Sold Prices

Land registry data shows five sales for 2 LOWESWATER CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the five 2 LOWESWATER CLOSE sales 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
2014 7 NOV	£250,000	£199,572	25% above HPI
2011 17 OCT	£245,000	£197,778	24% above HPI
2009 3 DEC	£230,000	£201,045	14% above HPI
1998 31 JUL	£109,000	£75,983	43% above HPI
1995 21 APR	£90,000	£70,923	27% above HPI

2 LOWESWATER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The five 2 LOWESWATER CLOSE sales between April 1995 and November 2014 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 2011 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the November 2014 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might 2 LOWESWATER CLOSE be worth now?

2 LOWESWATER CLOSE might now be worth an estimated £349,002.

This is based on house price inflation of 39.6%, between November 2014 and February 2025, for detached houses, in the Cumberland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 39.6% inflationary increase is applied to the most recent sale price for 2 LOWESWATER CLOSE of £250,000 on 7th November 2014. For the value to have increased from £250,000 to £349,002 over the eleven years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 LOWESWATER CLOSE has moved in line with the HPI for detached houses in the Cumberland local authority area.
• The November 2014 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LOWESWATER CLOSE has not materially changed since November 2014.

How Large is 2 LOWESWATER CLOSE?

2 LOWESWATER CLOSE is 115m², which includes one extension, according to the EPC inspection conducted in July 2009. This puts it in the smallest 50% of detached houses houses in Cockermouth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cockermouth, and where 2 LOWESWATER CLOSE lies on this distribution: 48% of detached houses houses are smaller than 2 LOWESWATER CLOSE, and 52% of houses are larger. Note that EPC data is not available for all properties in Cockermouth.

2 LOWESWATER CLOSE: Plot and Title Map

2 LOWESWATER CLOSE sits on a plot of roughly 0.228 of an acre, or 921m². The below map shows the location of 2 LOWESWATER 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 LOWESWATER 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 LOWESWATER CLOSE?

2 LOWESWATER CLOSE is located in COCKERMOUTH, in the CA13 postcode district. The below map shows the position of No. 2 on LOWESWATER CLOSE.