2, RICHMOND CLOSE, WORKINGTON, CA14 4EY - £185,000

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

2 RICHMOND CLOSE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £185,000 in April 2023, which was around 27% below the average April 2023 detached price in the Cumberland local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

2 RICHMOND CLOSE Sold Prices

Land registry data shows three sales for 2 RICHMOND CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Cumberland local authority area for the corresponding sale date. All of the three 2 RICHMOND 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
2023 3 APR	£185,000	£255,145	27% below HPI
2001 8 JUN	£72,000	£85,019	15% below HPI
1997 29 AUG	£53,000	£76,004	30% below HPI

2 RICHMOND 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 three 2 RICHMOND CLOSE sales between August 1997 and April 2023 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 June 2001 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the April 2023 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 RICHMOND CLOSE?

2 RICHMOND CLOSE is 77m² according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of detached houses in Workington, based on EPC data. The below chart shows the distribution of detached houses by size in Workington, and where 2 RICHMOND CLOSE lies on this distribution: 9% of detached houses are smaller than 2 RICHMOND CLOSE, and 91% of houses are larger. Note that EPC data is not available for all properties in Workington.

2 RICHMOND CLOSE: Plot and Title Map

2 RICHMOND CLOSE sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 2 RICHMOND 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 RICHMOND 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 RICHMOND CLOSE?

2 RICHMOND CLOSE is located in WORKINGTON, in the CA14 postcode district. The below map shows the position of No. 2 on RICHMOND CLOSE.